331 Old Commonwealth Path

Property Summary: 331 Old Commonwealth Path, Winnipeg

Key Characteristics & Appeal

This two-storey home in Inkster Gardens presents a practical and modern living opportunity. Built in 2018, it is a notably newer construction compared to most homes in Winnipeg, offering buyers the appeal of recent building standards and minimal immediate maintenance. With 1,387 sqft of living space and a renovated basement, it provides functional, contemporary living areas. The attached garage is a practical asset for the climate.

The home’s primary appeal lies in its balance of modernity and location-specific value. While the lot size is more compact compared to the broader city average, it is actually above average for its immediate street, suggesting a well-utilized footprint in a neighborhood of similar-scale homes. Its assessed value is positioned solidly in the middle range for the area, indicating a stable, non-premium investment. This property would suit first-time homebuyers or downsizers seeking a turn-key, low-maintenance home without the concerns of an older structure. It’s also a sensible fit for pragmatic investors looking for a modern rental property in a stable, established neighborhood.

Frequently Asked Questions

1. How does the lot size compare to the neighborhood?
While the land area is below the city-wide average, it is actually larger than most lots on Old Commonwealth Path itself, ranking in the top 12% on the street. This indicates the home is situated on one of the larger parcels in its immediate vicinity.

2. What does the "Elite" ranking for the year built mean?
This signifies the home is among the newest in its comparison groups. Built in 2018, it is newer than approximately 95-99% of comparable homes in Inkster Gardens and across Winnipeg, highlighting its modern construction.

3. Is the assessed value a reliable indicator of the selling price?
The assessed value is for municipal tax purposes and provides a benchmark. This home’s assessment is around average for its street and neighborhood, suggesting it is not an outlier. Market conditions, property condition, and recent upgrades will ultimately determine the sale price.

4. What is the history of price changes for this home?
Public records indicate a sale occurred in December 2020 within a range of $365,000 to $395,000. For the precise historical sold price, you can request the exact figure via email from the listing source.

5. Who would this property not suit?
Buyers seeking a large yard or extensive outdoor space may find the lot size limiting compared to many Winnipeg homes. Similarly, those looking for a historic character home or a premium estate-sized property in a newer area would likely want to consider other options.