192 Prairie Spring Bay

Property Summary: 192 Prairie Spring Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Inkster Gardens is a modern, low-maintenance property built in 2018. Its primary appeal lies in its contemporary construction and efficient, above-average living space. With 1,760 sqft of living area, it offers more room than most Winnipeg homes and is competitively sized for its immediate street. The home features a renovated basement and an attached garage.

The property suits buyers seeking a relatively new build without the premium of a brand-new subdivision. It’s ideal for those who want modern systems and finishes, and who value being in a neighborhood where the home’s age and size are considered well-above average compared to the wider city. The lot is standard for the area, offering manageable outdoor space. A thoughtful perspective is that this home represents a "sweet spot" – it’s new enough to avoid major immediate repairs, but not so new that it carries the highest price per square foot. It would particularly suit young families, professionals, or downsizers looking for a turnkey property with modern comforts in a settled community.

Section 2: Frequently Asked Questions

1. How does this home compare to others in the area?
The home stands out for its age. Built in 2018, it is newer than approximately 95% of homes in Inkster Gardens and 96% of homes citywide. Its living space is also larger than about 81% of Winnipeg homes.

2. What is the property’s value trajectory?
Based on available sold price ranges, the home has maintained a stable value in recent years, consistently selling in the top 6-20% for its street and area, indicating strong demand for comparable properties.

3. Is the lot size a limitation?
The 4,175 sqft lot is typical for the street and neighborhood. It’s below the citywide average, which is common for newer infill developments, but provides a manageable yard for maintenance.

4. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key point to clarify with the seller or listing agent to understand if it’s a finished living space, a recreational room, or has a separate entrance.

5. Why is the assessed value different from recent sold prices?
The city’s assessed value for tax purposes ($59.60k) is an administrative valuation and often differs from market value. The recent sold price ranges (e.g., $60.50k ~ $63.50k in 2023) are a better indicator of its actual market worth.