Property Overview
This two-storey home at 118 Prairie Spring Bay in Winnipeg’s Inkster Gardens neighborhood presents a specific and practical value proposition. Built in 2018, it’s a relatively modern home that requires little in the way of major updates. With 1,543 sqft of living space, an attached garage, and a standard basement (not renovated), it offers functional family living. The appeal here is grounded in its balance of age, condition, and price point. While its living and land area are modest compared to immediate neighbors on Prairie Spring Bay, the home stands out more favorably within the broader Inkster Gardens area and citywide for its newer build year and assessed value.
This property would suit first-time buyers or practical-minded families looking for a move-in-ready home without the premium of a brand-new build. It’s also a sensible option for those who prioritize a modern foundation (like newer plumbing, electrical, and windows) over having the largest lot or square footage on the block. The data suggests it’s a home that offers more value in its wider community context than on its specific street.
Frequently Asked Questions
1. Is this a good value for the area?
The assessed value and recent sale price suggest it is positioned as a value option. It’s newer than most homes in Inkster Gardens and the city overall, yet it carries a below-average assessed value for its immediate street, which may indicate a competitive entry point.
2. What should I know about the basement?
The listing notes the basement exists but is "not renovated." This means it is likely unfinished or partially finished, offering blank-canvas storage or future living space, but requiring investment to complete.
3. How does the lot size affect the property?
The land area is below average for the street, neighborhood, and city. This typically means smaller outdoor space but also less yard maintenance. It’s a trade-off to consider if you prefer low upkeep or if you desire a large garden or play area.
4. Why is the home considered "above average" for the neighborhood?
Primarily due to its year built (2018). In an area where the average home is decades older, this property’s modern construction is a significant relative advantage, potentially meaning fewer immediate repair concerns and better energy efficiency.
5. What’s the potential here for future resale?
Its newer build year is a lasting asset. The unrenovated basement and modest lot size present clear opportunities for a future owner to add value through finishing the lower level or creating efficient outdoor living spaces, which could improve its standing relative to neighbors.