Property Overview & Key Characteristics
This 1989 four-level split home in Inkster Gardens offers a renovated basement and an attached garage on a spacious 5,197 sqft lot. With 1,590 sqft of living space, it presents a practical layout for family living. Its appeal lies in its established neighbourhood setting and significant lot size, which is larger than most on its street and in Winnipeg overall. The home’s recent sale history shows strong value appreciation, having sold for well above its assessed value in 2022, indicating a desirable location or property condition.
This property would suit buyers looking for a home with room to grow outdoors, who appreciate the defined separation of living spaces a split-level provides, and who value an established area with mature infrastructure. It’s a solid choice for those comfortable with a home of this age, seeing potential in the already-renovated basement while possibly planning their own updates to the main living areas over time.
Frequently Asked Questions
1. How does the lot size compare to newer homes?
At over 5,000 sqft, the lot is notably larger than many modern subdivisions offer, providing ample backyard space for gardening, play, or entertaining—a key advantage in this established area.
2. What does the "renovated basement" typically include?
While specifics should be verified, a renovated basement in a home of this era often means a finished recreational space, possibly with a bathroom. It’s important to confirm the quality, permits, and the current condition of this update.
3. The assessed value is lower than the 2022 sale price. Why?
Municipal assessed values for tax purposes often lag behind market values. The sale two years ago at a higher price suggests the market recognized specific features or conditions that added value beyond the standard assessment formula.
4. What are the considerations with a four-level split layout?
This design offers good separation between living and sleeping areas. However, it involves multiple short flights of stairs, which is worth considering for those with mobility concerns or very young children.
5. How does this home rank for its age in the area?
Built in 1989, this home is newer than most on its street (top 13%) and in Winnipeg overall (top 26%). This suggests a neighbourhood with a mix of ages, where this property is on the newer side of that spectrum.