Property Overview
This one-storey home at 99 Petriw Bay in Winnipeg's Inkster Gardens neighborhood presents a practical and value-conscious opportunity. Its key appeal lies in offering solid fundamentals within a specific market segment.
Key Characteristics & Ideal Buyer
The 1,090 sqft house, built in 1983, sits on a 3,706 sqft lot with a detached garage and a renovated basement. The data reveals its strength is relative value within its immediate area. It ranks in the top 11% for living area and the top 5% for assessed value on its own street, meaning it offers more space and is valued higher than most direct neighbors. This suggests a well-maintained or updated property that stands out on the block. However, compared to the wider Inkster Gardens area and city, its metrics are average or below average for size and land, framing it as a competitively priced option within the neighborhood rather than a standout city-wide.
Its appeal is for the pragmatic buyer: a first-time homeowner, an investor, or someone looking to downsize without compromising on indoor space. It suits someone who prioritizes a move-in-ready basement and a home that represents good value on its street over a large lot or newer construction. The detached garage adds utility for storage or a workshop. A thoughtful perspective is that this property may offer more stability and less competition than a "top of market" home in a broader search, appealing to those seeking a sensible foothold in the market.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value of $38,800 is for municipal tax purposes. The market value (what a buyer would pay) is determined by recent sales, condition, and market demand. The last recorded sale was between $37,500 and $40,500 in late 2021.
2. How does the living area compare to nearby homes?
The living area is above average for Petriw Bay, but slightly below the average for the broader Inkster Gardens area. This indicates the home likely feels spacious compared to its immediate neighbors.
3. What does having a "renovated basement" typically include?
While specific finishes aren't listed, a renovated basement in this context usually means it is finished as livable space (e.g., drywalled, with flooring and likely a ceiling), potentially adding a family room, bedroom, or office. It does not specify if it includes a separate entrance or kitchenette.
4. What are the implications of the lot size?
At 3,706 sqft, the lot is manageable for low-maintenance outdoor living. It is smaller than many lots in Winnipeg overall, which may mean less yard work but also limited space for large additions, pools, or extensive landscaping.
5. How can I find out the exact historical sale price?
The exact sale price is not publicly displayed in the listing data. You can request it directly from the source of this information by providing your email, as noted in the details. They provide the exact figure manually without using your email for marketing.