187 Prairie Spring Bay

Property Summary: 187 Prairie Spring Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Inkster Gardens is a modern property built in 2018, offering a practical and low-maintenance living space. Its key appeal lies in its balance of being a newer build within a well-established city context. With 1,588 sqft of living space and an attached garage, it provides comfortable room for a small family or couple.

The home’s standout characteristic is its generous 5,250 sqft lot, which is notably larger than most on its street and in the immediate area, offering valuable outdoor space and potential. While the interior living area and assessed value are fairly typical for the street, they rank above average for the wider Inkster Gardens neighbourhood and city, positioning this as a solid, mid-range home in the broader market.

This property would suit first-time buyers or downsizers looking for a modern home without the premium of a brand-new build, and who value a larger yard. It’s also a pragmatic choice for buyers who appreciate a home that requires less immediate renovation work compared to Winnipeg’s older housing stock, allowing them to move in and settle without major projects.

Section 2: Frequently Asked Questions

1. How does this home compare to others in the area?
It’s a newer home (2018) in a neighbourhood with an average home age decades older, which is a significant advantage. The lot size is larger than most on the street, while the living space is comfortable and above the city average.

2. Is the basement finished?
No, the basement is noted as "not renovated," meaning it is unfinished. This presents a blank canvas for future expansion or storage, but would require investment to develop into living space.

3. What is the significance of the assessed value?
The assessed value of $54,600 is for municipal tax purposes. It’s below the street average but above the neighbourhood and city averages. Market value is determined by recent sales, buyer demand, and condition, and can differ from the assessed value.

4. Are there any recent sales for comparison?
A nearby and very similar home at 172 Cheema Drive, built in 2023, sold in late 2022. The sold price range for that property is provided, offering a relevant, recent benchmark for this home’s potential market value.

5. What are the less obvious considerations for this property?
Consider that while newer, the home is now 8 years old, so key components like the roof, HVAC, and appliances should be inspected for their remaining lifespan. Additionally, its "around average" size and value on its specific street suggest it fits seamlessly into the local streetscape, which can be positive for stability but means it may not stand out as a unique premium property in that micro-market.