Property Overview & Key Characteristics
This 2017-built, one-storey home in North Inkster Industrial sits on a large, nearly 5,000 sqft lot. With 1,330 sqft of living space, an attached garage, and an unfinished basement, it represents a practical, low-maintenance layout. Its primary appeal lies in its modern build age, which places it among the newer homes in Winnipeg, and its above-average lot size for the immediate street. The property suits first-time buyers or downsizers looking for a contemporary home without the premium of a brand-new build, and investors or hands-on buyers who see potential in the undeveloped basement for future value addition.
A thoughtful perspective is its positioning within a developing area. While the assessed value is modest, the home’s recent sale history and comparative data suggest it’s in a neighbourhood with a mix of established and newer properties, indicating an area in transition. This could appeal to buyers comfortable with a more industrial-adjacent community who are betting on gradual maturation.
Frequently Asked Questions
1. Is the basement suitable for finishing?
Yes, the basement exists but is noted as not renovated. It presents a clear opportunity for customization and added living space, subject to the necessary permits and inspections.
2. How does the lot size compare to nearby homes?
The lot is approximately 4,989 sqft, which ranks in the top 22% for size on the same street, meaning it’s notably larger than many of its immediate neighbours.
3. What does the "North Inkster Industrial" neighbourhood imply?
This designation typically indicates a mixed-use area with both residential and light industrial properties. Buyers should be prepared for a different streetscape and potential commercial traffic compared to purely residential suburbs.
4. The home sold in 2021 for $520k, but the assessed value is much lower. Why?
Municipal assessed value for tax purposes is often significantly lower than market value and is not an indicator of sale price. The 2021 sale price is a more relevant benchmark for current market value.
5. Are properties in this area newer or older overall?
This home, built in 2017, is newer than most in Winnipeg (top 6%). On its own street and in the wider neighbourhood, it ranks above average for its build year, indicating it’s in a relatively modern pocket of the area.