135 Petriw Bay

Property Summary: 135 Petriw Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Inkster Gardens is a practical and efficiently sized property. With 1,040 sqft of living space, it is notably larger than most comparable homes on its own street. It sits on a decent 4,393 sqft lot, offering standard outdoor space for the area. A key feature is its renovated basement, adding functional living space. Built in 1986, the home is newer than many in Winnipeg overall, which may suggest fewer immediate major age-related updates compared to older city stock.

Its primary appeal lies in its value proposition and manageability. With a relatively low assessed value, it presents an accessible entry point into the Winnipeg market. It suits first-time buyers seeking a solid starter home without a massive footprint to maintain, or investors looking for a straightforward rental property. The renovated basement adds flexibility, potentially serving as a separate suite or family space. A thoughtful perspective is that while its metrics are average or below for the broader Inkster Gardens neighbourhood, it stands out positively on its specific street—offering more house for the money in a micro-location you're likely to compare it to most directly.

Section 2: Frequently Asked Questions

1. What does the assessed value tell me about the property tax?
The assessed value is used to calculate property taxes. At $33,800, this home's assessment is significantly below the Winnipeg average, which typically translates to lower annual property tax bills—a key ongoing cost advantage.

2. How does the living space compare to nearby homes?
At 1,040 sqft, this home offers above-average living area for its immediate street (Petriw Bay), but is below the average for the wider Inkster Gardens neighbourhood. This indicates you get more interior space than your closest neighbours, but less than what's common in the broader community.

3. Is the basement renovation legal and permitted?
The listing notes a "renovated" basement, but does not specify if the work was permitted or if it created a legal suite. This is a critical point to verify with the seller and the city, as it affects insurance, liability, and value.

4. What are the implications of having no garage?
The property has no garage. Buyers should consider where vehicles will be parked, especially in winter, and factor in the cost of installing a shed or carport for storage and vehicle protection if needed.

5. The sold price history shows a range. How can I get the exact figure?
Exact sold prices are not publicly available in Manitoba. The listing service offers to provide the precise historical sale data via email upon request, which they state is done manually without using your email for marketing.