Property Overview
62 Squire Place is a well-maintained, modern home built in 2016, offering a practical and efficient living space in Winnipeg's North Inkster Industrial area. With 1,492 square feet of living area and an assessed value of $382,000, it presents a balanced option in the market. The home sits on a 2,754 sqft lot, which is compact compared to many city lots but is typical for its immediate neighbourhood.
The appeal of this property lies in its modern construction, which suggests newer building systems and potentially lower maintenance costs in the near term. Its value is notably competitive within its specific area, ranking below the average assessed value for North Inkster Industrial. This creates an opportunity for buyers seeking a newer home without the premium price tag often associated with recently built properties. It would suit first-time buyers, small families, or investors looking for a modern, turn-key property that offers sensible square footage and a manageable lot size. The data suggests it’s a home that prioritizes interior space over expansive outdoor land, appealing to those with a low-maintenance lifestyle.
Frequently Asked Questions
1. How does the property's value compare to nearby homes?
The home’s assessed value of $382k is below the average for the broader North Inkster Industrial area, where comparable homes average about $484k. However, it is very close to the city-wide average, indicating it is priced appropriately in a broader Winnipeg context.
2. Is the lot size a concern?
The lot is 2,754 sqft, which is smaller than most lots in Winnipeg. This means less yard maintenance but also less private outdoor space. It’s consistent with newer developments in the area and is actually above average for Squire Place itself.
3. What are the implications of the home being built in 2016?
A 2016 build is a significant advantage. It places the home among the newer 6% of properties city-wide, suggesting modern building codes, efficient windows, and relatively young major systems (like roof, furnace, and appliances), which can mean fewer immediate repair costs.
4. How does the living space compare to other homes?
At 1,492 sqft, the living area is slightly below the average for both its street and immediate area, but is above the city-wide average. This indicates the home offers a comfortable amount of space that is efficient and likely well-utilized in its modern layout.
5. What can the 2016 sale price tell us?
The home sold for between $250,000 and $300,000 in early 2016. The increase to its current assessed value reflects market appreciation over the past decade. This history shows it has grown in value, which is a positive trend for a potential buyer.