301 Old Commonwealth Path

Property Overview: 301 Old Commonwealth Path, Winnipeg

Key Characteristics & Appeal

This two-storey home in Inkster Gardens is a modern property built in 2018, making it notably newer than most homes in its area and across Winnipeg. With 1,387 sqft of living space, it offers a comfortably average-sized layout for a family. Key features include an attached garage and a basement (unrenovated), situated on a 2,534 sqft lot.

The primary appeal lies in its balance of modern construction and manageable scale. As a newer build, it likely benefits from contemporary building standards and materials, potentially reducing immediate maintenance concerns compared to older stock. Its assessed value of $380k positions it as a solid, mid-range offering in the city. The lot size, while smaller than many city-wide averages, is actually above average for its specific street, suggesting a more efficient use of land typical of newer developments.

This property would suit first-time buyers or young families seeking a move-in ready home without the upkeep challenges of an older house. It’s also a practical choice for those who value the convenience of an attached garage and prefer a newer neighbourhood feel within an established community. The unrenovated basement presents a clear opportunity for future customization to add value and space.

Frequently Asked Questions

1. How does this home’s age compare to others nearby?
Built in 2018, this is one of the newest homes on Old Commonwealth Path and ranks in the top 5% for year built within the broader Inkster Gardens neighbourhood.

2. Is the lot size typical for the area?
The lot is 2,534 sqft, which is above average for lots on its own street. However, it is smaller than the average lot for both Inkster Gardens and Winnipeg overall, reflecting the denser lot sizes of newer subdivisions.

3. What does the "around average" ranking for living area mean?
With 1,387 sqft, the home’s living space is very close to the average size for similar homes on its street, in its neighbourhood, and across the city, indicating a standard, functional floor plan.

4. Has the property’s value been consistent?
Based on available data, the home sold in October 2021 for between $375k and $405k. Its current assessed value of $380k suggests a stable market value in line with that recent sale.

5. What is the potential of the basement?
The listing confirms the basement exists but is not renovated. This provides a blank canvas for future finishing, allowing a buyer to add significant living or recreational space tailored to their needs, though it requires planning and investment.