Property Overview: 44 Petriw Bay, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home in the Inkster Gardens neighborhood, built in 1978. With 880 square feet of living space and a recently renovated basement, it offers a practical, low-maintenance footprint. The lot is modest at 2,498 sqft, typical for the immediate area but smaller than the Winnipeg average.
The primary appeal lies in its value and simplicity. The home's assessed value is notably below averages for the street, neighborhood, and city, positioning it as an accessible entry point into the market. It suits first-time buyers, downsizers, or investors seeking a straightforward property with modernized basics (the renovated basement) without the premium for extra space or newer construction. A thoughtful perspective is that its smaller scale can mean lower utility costs and less upkeep, freeing up time and budget. While not a standout in size or lot, it represents a pragmatic choice in a city where average home sizes and prices are significantly higher.
Frequently Asked Questions
1. Is this a small house?
Yes. At 880 sqft, it is below the average size for both the Inkster Gardens neighborhood and Winnipeg overall. It's a efficiently sized, single-level home.
2. Why is the assessed value so much lower than the city average?
Assessed value is for municipal tax purposes and is influenced by the home's size, age, and specific location. This home's modest square footage and lot size, combined with its neighborhood, result in a lower assessment compared to the broader city's average, which includes larger, newer, or more centrally located properties.
3. What does "renovated basement" likely include?
While specific finishes aren't listed, a renovated basement typically means the space is finished as livable area, possibly including drywall, flooring, and lighting. It's advisable to confirm the permits, ceiling height, and the exact nature of the renovation.
4. Who would this property suit best?
It's well-suited for first-time homebuyers prioritizing affordability, empty-nesters looking to downsize, or practical investors. It's less suited for those needing multiple bedrooms, ample storage, or extensive outdoor space.
5. How does the lot size impact the property?
The lot is smaller than most in Winnipeg. This means less yard maintenance but also limited potential for expansions like a large addition or garage. Outdoor space will be intimate and functionally defined.