Property Overview: 87 Prairie Spring Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modern, one-storey home in Inkster Gardens, built in 2020. Its key characteristic is its contemporary age, ranking it among the newest 1-4% of homes in its immediate area, neighbourhood, and city-wide. The living space (1,294 sqft) is compact compared to others on its street but is close to the city-wide average, suggesting an efficient, low-maintenance layout. It features an attached garage and a renovated basement.
The appeal lies in acquiring a like-new property without a premium price, as its assessed value is below average for its street. This presents a value opportunity within a newer housing pocket. It suits first-time buyers or downsizers seeking a modern, single-level home with minimal upkeep, and investors looking for a relatively new asset in a stable neighbourhood. A thoughtful perspective is that while the lot is smaller than the city average, it aligns with newer development patterns and reduces outdoor maintenance—a potential benefit for the right buyer.
Section 2: Frequently Asked Questions
1. Is this a good value for the money?
The data suggests it is. The home’s assessed value is above average for Inkster Gardens and city-wide, yet it is priced below the average for its own street of newer homes, indicating a competitive position.
2. How does the living space compare to nearby homes?
At 1,294 sqft, the living area is smaller than most direct neighbours on Prairie Spring Bay but is very close to the overall Winnipeg average. This points to a more efficient, potentially easier-to-maintain footprint.
3. What does the "renovated basement" include?
The listing notes a renovated basement but does not specify the finishes or layout. This is a key detail to clarify with the seller or listing agent to understand the home’s full living and utility space.
4. Why is the assessed value different from the past sale price?
The home last sold in late 2020 for an estimated $38.5k–$41.5k. The current assessed value of $53.60k reflects market changes and provincial assessment formulas over the intervening years, not necessarily a direct appraisal of resale value.
5. The home is newer, but what about the neighbourhood's overall age?
While this home is from 2020, Inkster Gardens as a whole has an average build year around 1999. This means you’re buying one of the newest houses in an established, mature neighbourhood.