Property Overview
This two-storey home at 210 Dr. Jose Rizal Way in Winnipeg's Inkster Gardens neighborhood presents a practical opportunity. Built in 2016, it is a notably newer construction compared to most of the city's housing stock. The home features 1,336 sqft of living space, a detached garage, and a full, unrenovated basement on a 3,855 sqft lot.
Key Characteristics & Appeal
The primary appeal of this property lies in its modern age. Built just 10 years ago, it ranks among the newest homes on its street and in the wider city, suggesting fewer immediate concerns with major aging systems like roof, furnace, or windows compared to much older properties. This makes it a sensible, low-maintenance starting point.
Its assessed value is modest relative to the area, which could indicate a lower property tax burden and an accessible entry point into the market. The living space is comfortably average for the neighborhood, suitable for a small family or couple. The unrenovated basement presents a blank canvas for future expansion or customization according to a new owner's taste and budget.
This home would best suit first-time buyers or practical investors looking for a modern structure without premium pricing. It’s for those who prioritize a newer build’s efficiency and reliability over a large lot or move-in-ready finishes, and who see potential in personalizing the basement over time.
Frequently Asked Questions
Q: How does the lot size compare?
A: At 3,855 sqft, the lot is slightly below average for the Inkster Gardens area. This typically means less yard maintenance but may limit extensive outdoor additions like a large deck or workshop.
Q: What does "unrenovated basement" imply?
A: It means the basement is finished but has not been recently updated. Buyers should budget for potential cosmetic updates or be prepared for functional but basic finishes. A pre-purchase inspection is advised to check its condition.
Q: The home sold in 2016 and 2020. Is that typical?
A: Two sales in under 10 years is slightly more frequent than average. It’s worth investigating the sales history context, but it may simply reflect first-time buyers or investors moving on, which is common with newer, starter-type homes.
Q: How does the assessed value relate to market price?
A: The assessed value ($40,700) is for municipal tax purposes. Market price is determined by current buyer demand and recent comparable sales. The two figures can differ significantly.
Q: Are there any obvious red flags from this data?
A: The data itself shows no red flags. The consistent, modest assessed value and newer build are positive. The key considerations are the below-average lot size and the condition of the unrenovated basement, which due diligence should address.