Property Overview: 111 Mayer Drive, Winnipeg
Key Characteristics & Appeal
This is a modern, three-year-old property (built 2023) located in the North Inkster Industrial area. Its primary appeal lies in its new construction, offering move-in readiness and contemporary building standards without the premium often attached to brand-new builds. With 1,572 sqft of living space, it is a comfortably sized home that ranks above average compared to the wider Winnipeg market, though it is on the smaller side for its immediate street.
The assessed value of $454k presents a compelling narrative. It sits below the average for Mayer Drive but is very close to the average for the broader North Inkster Industrial area. City-wide, this value is notably above average, suggesting you get more modern home for your dollar in this location compared to many older Winnipeg neighbourhoods. The lot size of 3,331 sqft is compact, which translates to lower maintenance—a plus for buyers seeking a newer home without extensive yard work.
This property would suit first-time buyers or downsizers looking for a modern, low-maintenance home in a developing area. It’s also a practical choice for value-focused buyers who prioritize the condition and age of a home over having the largest lot on the block. The data indicates it may offer a smart entry point into a newer home, trading some space and land for modernity and efficiency.
Frequently Asked Questions
1. Is this a good value for the money?
The data suggests it is a strong value within the wider city context, offering a newer home above the city's average assessed value. On its own street, it's priced below the local average, which could indicate a relative opportunity.
2. What does the "North Inkster Industrial" neighbourhood mean for living here?
This designation typically indicates a mixed-use area. Residents should be prepared for potential commercial or light industrial activity nearby, which often translates to more affordable property prices compared to purely residential zones.
3. The lot seems small. Are there any advantages to that?
Yes. A smaller lot (3,331 sqft) means significantly less yard maintenance, lower water costs for landscaping, and often a more efficient property layout. This is a key feature for those seeking a lock-and-leave lifestyle or who prefer to spend less time on upkeep.
4. The home sold recently in 2023. Why is it back on the market so soon?
While the specific reason isn't provided, short ownership periods in a new build can sometimes relate to a change in the owner's personal circumstances, job relocation, or an initial investment purchase. It does not inherently reflect on the property itself.
5. How can I verify the exact past sold price?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the exact figure by emailing them directly for a manual lookup, which they provide without using your email for marketing.