Property Overview: 194 Singh Trail, Winnipeg
Key Characteristics & Appeal
This 2016-built home in Inkster Gardens offers a modern, low-maintenance foundation in a neighborhood of similar-aged properties. Its key appeal lies in offering above-average space and value within its immediate context. With 1,673 sqft of living area, it provides more room than most homes on its street and in the wider area. The renovated basement adds functional space and modern appeal. The attached garage and standard city lot (4,555 sqft) offer practical convenience without extensive yard upkeep.
The home’s assessed value of $590k positions it well above average for the street, neighborhood, and city, suggesting it is a higher-tier property within its market segment. This isn't a starter home; it suits buyers looking for a turn-key, modern property in a developed suburban setting—perhaps young families or professionals seeking space and newer construction without being in a brand-new subdivision. A thoughtful perspective is that while the home is newer, the established nature of the street means landscaping and community amenities are likely mature, offering a settled-in feel faster than a raw, new development.
Frequently Asked Questions
1. How does the sold price history inform the current value?
The home sold in September 2022 for an estimated $565k-$595k. With a current assessed value of $590k, this indicates stable market recognition in recent years, providing a solid benchmark for valuation.
2. What does "above average" assessed value mean for this area?
It means this home is valued higher than most comparable properties nearby. On Singh Trail, it ranks in the top 17%, and in Inkster Gardens, the top 12%. This often correlates with factors like the renovated basement, size, and overall condition, but it also means property taxes will be commensurately higher.
3. Is the lot size a limitation?
At 4,555 sqft, the lot is typical for the street and neighborhood but smaller than the Winnipeg city average. It suits those who prefer manageable outdoor space with less maintenance, but may not be ideal for those wanting extensive gardens, large play structures, or significant privacy.
4. Who are the typical neighbors?
The consistent year-built data (averaging 2016 on the street) suggests the immediate area is largely composed of homeowners who purchased around the same time, potentially creating a community with similar life stages and maintenance timelines.
5. How does the living space compare to newer homes?
At 1,673 sqft, it offers more space than the average Winnipeg home. However, its efficient use is key. The cabover design (living space above the garage) is a specific layout that some find very functional, while others may have different preferences for room flow.