Property Overview: 10 Singh Trail, Winnipeg
Key Characteristics & Appeal
This two-storey home in Inkster Gardens presents a practical opportunity. Built in 2016, it is a relatively modern property in a city where the average home is significantly older. With 1,452 sqft of living space, it offers a functional layout that is on par with the city-wide average for similar homes. The property includes a detached garage and a basement that is noted as being unrenovated.
Its primary appeal lies in its value proposition. The home's assessed value is notably below average for its immediate street, suggesting a potentially lower property tax burden and an entry point into a newer build. It suits first-time buyers or pragmatic investors seeking a modern structure without a premium price tag, who are comfortable with a smaller, more efficient lot and see the unfinished basement as a canvas for future equity-building, not a drawback. A thoughtful perspective is that this home represents a trade-off: you are acquiring newer construction and systems, but on a more compact parcel of land compared to neighbouring properties.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($39,400) is used for calculating property taxes. Market value (sale price) is determined by current buyer demand and can be higher or lower. Historical sale data for this home shows previous transactions in the $27.5k-$38.5k range.
2. What does "below average" for land area mean practically?
The lot is 2,532 sqft, which is smaller than most in the area. This typically means a more manageable yard with less maintenance, but also less private outdoor space and potentially less room for future expansions like a large deck or addition.
3. The home is newer (2016), but what might need attention?
While major systems like roofing, HVAC, and windows are likely in good condition, a home of this age may be due for initial maintenance updates, such as refreshing paint, flooring, or appliances. The unrenovated basement is a blank slate but may require investment to finish.
4. How does it compare to other homes on the same street?
The data indicates it has a smaller living area and lot size than most neighbours, but a newer build year than many. Its assessed value is among the lowest on the street, which is a key differentiator.
5. Are there comparable homes available now?
Based on the provided data, similar homes in the area (like 119 Old Commonwealth Path or 41 Marianne Road) can vary in assessed value, size, and year built. It's important to view these in person to compare condition, layout, and lot specifics.