3 Indra Crescent

Property Overview: 3 Indra Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This property in North Inkster Industrial presents a distinct value proposition centered on its land. The lot size of 3,186 sq ft is notably above average for its immediate street, ranking in the top 14% of the 35 homes on Indra Crescent. This suggests potential for outdoor use, expansion, or simply more private space than most neighbours have.

The home’s primary appeal lies in its affordability and opportunity. With a recently sold price indicated between $400k-$450k and a much lower assessed value of $158k, it represents a significant entry point into the Winnipeg market. The area itself is one of newer construction, with average build years on the street and in the neighbourhood being 2023 and 2018, respectively, indicating a modernizing community.

This property would suit practical, value-oriented buyers. It’s a potential fit for first-time homeowners seeking a foothold, investors looking at the area’s growth, or buyers who prioritize land size over a premium finished living area. The data suggests it’s a chance to acquire a solid lot in a newer area, possibly with the intent to renovate or hold as the community develops further.

Section 2: Frequently Asked Questions

1. Why is there such a large gap between the sold price and the assessed value?
Assessed value for property tax purposes often lags behind market value, especially in areas with rapid development or recent sales activity. The sold price is the true indicator of its current market worth.

2. What does the "Top 100%" ranking for assessed value mean?
A ranking in the top 100% means this property has the lowest assessed value compared to all reference homes in that group. This confirms its position as a lower-value property on its street and in its area, which is reflected in its accessible price point.

3. Is the land size a major advantage here?
On its own street, yes—the lot is larger than most. Compared to the wider city, however, it is below average. The advantage is relative and most pronounced within the immediate context of newer homes on Indra Crescent.

4. What is the North Inkster Industrial area like?
The data shows it’s a relatively new neighbourhood, with average home ages much younger than the city-wide average. This typically means modern infrastructure but possibly ongoing construction and a community that is still establishing its character.

5. How reliable are the sold price and comparison data?
The sold price is based on publicly available data, not the MLS, and is presented as a range. For fully verified, exact transaction figures, you must request a manual lookup from the site, as industry rules prevent the display of official MLS records here.