Property Overview: 11 Indra Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its modern age and strong assessed value within its immediate context. Built in 2024, it is one of the newest homes not just on its street but in the entire North Inkster Industrial area and citywide, promising contemporary construction standards and minimal near-term maintenance. With 1,348 sqft of living space, it offers a moderately sized layout that is very close to the city-wide average, fitting well for smaller families, couples, or first-time buyers.
The primary appeal lies in its value proposition within the local market. Its assessed value of $450k ranks well above average for its street and city-wide, suggesting a perception of quality and desirability in its direct vicinity. However, it sits around the median for the broader North Inkster Industrial area, indicating it is competitively positioned within its specific neighbourhood market. The lot size of 2,632 sqft is smaller than most in the area and city, which translates to less yard upkeep—a potential plus for those seeking a low-maintenance property without sacrificing interior space.
This property would best suit buyers prioritizing a modern, turn-key home in a developing area, who value being in a newer community among similar-aged houses. It’s ideal for those who prefer spending time indoors rather than on extensive yard work. The strong assessed value on the street level also suggests it could be a solid anchor property for the crescent, appealing to buyers with an eye on stability and gradual appreciation relative to its immediate neighbours.
Section 2: Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold between $350k-$400k in October 2024, which is below its current $450k assessed value. This is not uncommon, as assessed values for tax purposes and market sale prices can differ based on timing, condition, and market dynamics.
2. Is the living space smaller than other homes nearby?
Yes, the living area is below the average for the North Inkster Industrial area but is very close to the city-wide average. On its own street, it ranks in the middle of the pack. This indicates a efficient use of space that aligns with typical Winnipeg homes, though it may be cozier than some newer builds in the immediate vicinity.
3. What does the "Elite" ranking for Year Built mean?
This means the home is among the newest 1-3% of homes when compared to its street, the wider area, and the entire city. You are unlikely to find many newer properties, which typically translates to modern building codes, materials, and systems.
4. The lot seems small. Is that a disadvantage?
It depends on your lifestyle. The lot is smaller than most in Winnipeg and the local area, which limits expansive outdoor space. However, this also means significantly less maintenance for gardening, lawn care, and snow removal, which can be a desirable trade-off for many.
5. How reliable is the sold price data shown?
The sold price range is based on publicly available data, not the MLS. For fully verified and exact transaction figures, you must request a manual lookup from the site via email, as industry rules prevent the display of official MLS records here.