Property Overview
This 4-level split home at 50 Valewood Crescent in Inkster Gardens offers a practical layout with a detached garage on a well-sized lot. Built in 1980, its key appeal lies in its space efficiency and land value. At 1,470 sqft, the living area is notably above average for the immediate street and competitive for the neighborhood. The lot size of over 5,300 sqft is also a strong point, providing ample outdoor space that is larger than many nearby properties. While the assessed value is modest compared to the broader city, it positions the home as an accessible entry point into the Winnipeg market. The unrenovated basement presents a blank canvas for future expansion or customization.
This property would suit first-time buyers or practical investors looking for solid square footage and yard space without a premium price tag. It’s a home for those who value potential over polish and are comfortable with a property that may require updates over time. A less obvious perspective is that its "around average" metrics city-wide actually signal stability, offering a balanced option away from the extremes of the market, where the land itself represents a significant portion of the value.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is not renovated, offering potential for future finishing to add living space according to a new owner's needs and budget.
2. How does the home's size compare to others in the area?
The living area is 1,470 sqft, which is above average for Valewood Crescent itself and competitive within the Inkster Gardens neighborhood, offering more interior space than many comparable homes nearby.
3. What is the significance of the lot size?
The lot of 5,352 sqft is a standout feature, ranking in the top 30% for the area. This provides more outdoor space than many neighboring properties, which is a valuable and less flexible asset.
4. Why is the assessed value relatively low?
The assessed value is below the neighborhood average. This typically reflects the home’s age, condition, and the specific market dynamics of the immediate area, which can result in a lower property tax base.
5. What does the sale history indicate?
The home sold in October 2024 for between $385,000 and $415,000. This recent sale provides a clear, current benchmark for its market value in today's conditions.