Property Overview
This one-storey home at 131 Petriw Bay in Winnipeg's Inkster Gardens neighborhood presents a specific and compelling value proposition. Built in 1986, it features 1,060 sqft of living space, a renovated basement, and a detached garage on a 4,394 sqft lot.
Key Characteristics & Appeal
The primary appeal of this property lies in its strong positional value within its immediate locale. While its size is modest compared to the wider city, it ranks in the top quarter for living area on its own street. Its most standout metric is the assessed value of $39,500, which is the highest on Petriw Bay, suggesting it is viewed as a premium property on the block. This creates an interesting dynamic: it's a high-value home on a street of more modest valuations. The renovated basement adds functional space, and the lot size is generous for the area.
This home would suit a pragmatic, value-conscious buyer—perhaps a first-time homeowner or an investor—who prioritizes solid fundamentals and potential equity in a specific micro-location over citywide comparisons. It's for someone who sees the advantage in owning one of the best-maintained or most valuable properties on a given block, which can offer stability and a different kind of equity growth. The one-storey layout also appeals to those looking for accessibility or simple, efficient living.
Frequently Asked Questions
1. Why is the assessed value so high for the street?
The assessed value of $39,500 ranks #1 on Petriw Bay. This typically reflects factors like the renovated basement, overall condition, improvements, and lot desirability as determined by municipal assessment, signaling this is considered a top-tier property on the block.
2. How does the living space compare to the area?
At 1,060 sqft, the living area is above average for Petriw Bay but below the average for the broader Inkster Gardens neighborhood. This indicates a comfortably sized home for its immediate street.
3. What is the typical price history for this home?
Based on available data, the home was previously sold in January 2019 for an estimated range of $26,500 to $29,500. Exact sale prices require a direct request to the listing service.
4. What are the key features of the property?
The home is a one-storey building with a renovated basement and a detached garage. It was built in 1986 and sits on a 4,394 sqft lot.
5. How can I get the exact historical sold price?
You can request the exact sold price by email through the listing service. They provide this information manually and state they will not use your email for unsolicited marketing.