Property Overview: 59 Petriw Bay, Winnipeg
Key Characteristics & Appeal
This is a compact, renovated bi-level home in the Inkster Gardens neighborhood. With 844 square feet of living space, it is notably smaller than most homes in its immediate area and across Winnipeg, placing it in the top 3% for compact size locally. This characteristic defines its core appeal: it’s a streamlined, low-maintenance property. The renovated basement adds functional living space, a key upgrade for a home of this size.
Its strongest financial appeal lies in its very low property tax base, as indicated by an assessed value significantly below area averages. Recent sale history also suggests an accessible entry point into the market. The lot is modest but in line with others on Petriw Bay, offering manageable outdoor space.
This home would suit first-time buyers or investors seeking a practical, no-frills property with recent updates. It’s for those prioritizing affordability and simplicity over space, and who see the value in a home that is newer than many on its street but requires a realistic perspective on its compact footprint compared to the wider neighborhood.
Frequently Asked Questions
1. How does the home's size compare practically?
At 844 sqft, this is a compact bi-level. It's smaller than 97% of homes in Inkster Gardens. The renovated basement is therefore a crucial feature, effectively doubling the usable living area.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's specific characteristics—primarily its smaller size and location—for municipal tax purposes. It indicates a relatively low annual property tax burden, which is a key advantage.
3. The home is noted as "newer" on its street. What does that mean?
Built in 1983, it is newer than most direct neighbors on Petriw Bay, where comparable homes average a 1981 build year. This can suggest potentially fewer immediate concerns with aging core components compared to older area homes.
4. What is the neighborhood context for a home of this size?
Inkster Gardens typically features larger homes (avg. ~1,422 sqft). This property offers an affordable alternative within the neighborhood, but buyers should be aware its size is atypical for the immediate area.
5. How reliable are the sold price ranges shown?
The ranges are based on public data. For precise historical sale figures to inform your offer, you can request the exact sold price history via email from the listing service.