Property Overview: 53 Park Springs Bay, Winnipeg
Key Characteristics & Appeal
This two-storey home in Inkster Gardens is defined by its generous scale and modern foundation. Built in 2014, it offers over 2,500 square feet of living space, placing it within the top 3% of homes city-wide for size. The property sits on a sizable 6,382 sqft lot and includes an attached garage. The basement is noted as unfinished, presenting a blank canvas for future expansion. Its assessed value is notably above average for the neighbourhood, yet it remains positioned as a relative value compared to many similar-sized homes across Winnipeg.
The primary appeal lies in acquiring a large, relatively new-construction home without the premium often attached to such properties in broader city comparisons. It suits buyers who prioritize space and a modern build over a move-in-ready, fully renovated state. The unfinished basement is a key feature for those looking to customize additional living areas to their own taste and schedule. This property is an ideal match for growing families seeking room to grow, or value-oriented purchasers who see potential in personalizing the final elements of a home.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While the assessed value provides a benchmark for municipal taxes, market conditions ultimately determine sale price. This home’s assessment is high for Inkster Gardens but modest for a property of its size city-wide, which can be an attractive point for buyers.
2. What does "basement not renovated" imply?
It indicates the basement is unfinished. It is likely a blank space with bare walls, concrete floors, and open ceiling joists, requiring a full build-out to become livable space. This is a significant project but allows for complete customization.
3. How does the lot size compare for the area?
At over 6,300 sqft, the lot is above average for Inkster Gardens, offering good outdoor space. It is, however, close to the average for this specific street, meaning it fits the character of Park Springs Bay without standing out as exceptionally large or small.
4. The home sold recently. What can history tell me?
The property sold in late 2024. The provided price range can give a general sense of very recent market activity on this home, but for precise figures to inform an offer, you would need to request the exact sold price history.
5. What is the neighbourhood context of "Inkster Gardens"?
The data shows that for a home of this size and assessed value, Inkster Gardens offers a more affordable entry point compared to the Winnipeg-wide market. Buyers are effectively trading a higher-tier neighbourhood address for significantly more square footage and a newer home.