Property Overview
39 Valewood Crescent is a one-storey home in Winnipeg’s Inkster Gardens neighbourhood. Built in 1983, it features 1,040 square feet of living space, a renovated basement, and sits on a 4,997 sqft lot. The home does not have a garage or pool. Its most recent assessed value is $35,800, and it sold in October 2023 for an estimated $35,500–38,500.
Section 1: Key Characteristics & Appeal
Key Characteristics:
This is a compact, single-level home from the early 1980s. Its living area is modest compared to others on its street and in Inkster Gardens, but it is close to the city-wide average for homes of its type. The lot size is also slightly below average for the street but typical for the neighbourhood. A key updated feature is the renovated basement, adding functional living space. The home’s assessed value is notably below average for its immediate area.
Where Its Appeal Lies:
The primary appeal lies in its practicality and value positioning. The renovated basement immediately adds usable space without the need for a major project. Its one-storey layout is manageable and accessible. For the price-conscious buyer, it represents an entry point into homeownership with recent updates in place. A less obvious perspective is its potential as a long-term hold in a neighbourhood where property values in the area appear varied; it could suit an investor or buyer looking for a lower-cost option with renovation work already started.
Ideal Buyer Profile:
This property would suit first-time buyers or downsizers seeking a modest, low-maintenance home with some modern touches. It could also appeal to an investor looking for a rental property with recent improvements at a below-average price point for the street. It’s less suited for those needing ample above-ground square footage, multiple bedrooms, or garage parking.
Section 2: Frequently Asked Questions
1. How does the home’s value compare to the area?
The home’s assessed value ($35,800) is below the average for both Valewood Crescent and the wider Inkster Gardens neighbourhood. This suggests it may be priced more accessibly than many nearby properties.
2. What does “renovated basement” typically mean here?
While specifics aren’t listed, a renovated basement in a home of this age and value range usually means finished living space—likely including drywall, flooring, and lighting—making it suitable for a family room, office, or additional storage.
3. Is the lot size a disadvantage?
At just under 5,000 sqft, the lot is slightly smaller than others on the street but is actually around the average size for Inkster Gardens. It provides standard backyard space for a city home without extensive maintenance.
4. Why is there a range for the last sold price?
The sold price range is based on publicly available data. For the exact sale price, you must request it directly from the listing service via email, a common practice to ensure accuracy and verify serious inquiries.
5. What are the implications of no garage?
The lack of a garage means relying on street parking or adding a shed for storage. This is a common feature in the area and keeps the home’s price and property taxes lower, but is a consideration for vehicle owners or those needing workshop space.