Property Summary: 28 Prairie Spring Bay, Winnipeg
Key Characteristics & Appeal
This is a modern, one-storey home built in 2018, offering the appeal of a relatively new build with minimal maintenance concerns. Its key characteristic is a renovated basement, adding valuable finished living space to the 1,316 sqft footprint. The home sits on a standard city lot with an attached garage.
The appeal lies in its balance of condition, age, and value within its immediate neighborhood of Inkster Gardens. While the living space is modest compared to others on its own street, the home is notably newer than most in the wider area and city. Its assessed value is above average for both Inkster Gardens and Winnipeg overall, suggesting it is a well-regarded property in its market segment. This presents a practical opportunity: you acquire a contemporary home in a mature neighborhood without the premium often associated with new builds in brand-new subdivisions.
This property would suit first-time buyers or downsizers seeking a single-level layout with modern systems and a move-in-ready condition. It’s also a sensible fit for value-conscious buyers who prioritize a newer home’s efficiency and lower immediate repair costs over having the largest house on the block.
Frequently Asked Questions
1. Is the living space too small for a family?
While below average for its specific street, the living area is close to the Winnipeg average. The renovated basement effectively doubles the usable space, making it functional for a small family or those who value distinct living zones.
2. Why is the assessed value higher than many area homes?
The above-average assessment for Inkster Gardens and citywide is likely driven by the home's recent build year (2018) and renovated condition, factors that positively influence its valuation compared to older, unrenovated properties in the area.
3. What does the sold price history indicate?
The home last sold in late 2019 for between $395k and $425k. This historical data provides a benchmark, but current market value will be influenced by factors like recent upgrades, market conditions, and the precise nature of the basement renovation.
4. How does the lot size compare?
The land area is standard for Inkster Gardens and its street but is below the wider Winnipeg average. This is typical for newer infill homes in established neighborhoods and translates to less exterior upkeep.
5. Who would benefit most from this property's specifics?
Buyers who want a modern, low-maintenance home but don’t require a large yard or the largest floor plan on the street. Its strength is its age and condition within an established community, offering a blend of new-home comforts and neighborhood maturity.