Property Overview: 22 Malwa Cove, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Inkster Gardens is a modern property, built in 2018, offering a move-in-ready opportunity with a renovated basement. Its key appeal lies in its balance of contemporary construction and above-average outdoor space. With 1,589 sqft of living area, it is notably larger than the typical Winnipeg home, yet it sits on a substantial 6,804 sqft lot—one of the largest on its street—providing excellent room for gardening, play, or expansion.
The home’s assessed value positions it as a premium property within its immediate neighbourhood and city-wide, suggesting solid finishes and desirability. The attached garage and modern build year mean fewer immediate maintenance concerns compared to older city stock.
This property would suit first-time buyers or young families looking for a newer home without sacrificing yard space, as well as value-conscious buyers who appreciate that the home’s size and lot offer more than what is typical for the area. It’s a practical choice for those prioritizing a modern foundation and outdoor potential over having the absolute largest house on the block.
Section 2: Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The data suggests it is. While its living area is slightly below the average for Malwa Cove, its assessed value is also proportionally lower. Crucially, it ranks in the top tiers for both lot size and modern build year in Inkster Gardens and city-wide, indicating you are paying for desirable attributes that are less common.
2. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand if it’s a finished living space, a rental suite, or a modernized utility and storage area.
3. How does the sold price history inform the current value?
The home sold previously in 2019 and 2021. The increase in sale price over that period was significant, reflecting the home’s newness at the time and market trends. The current assessed value is higher than the last recorded sale, which is typical, but a professional appraisal and current market comparison are essential to determine today’s fair market value.
4. The lot is large, but what is it like?
As the largest lot on Malwa Cove, it offers rare potential. However, it’s important to view the property to understand the lot’s topography, orientation (for sun exposure), and any easements or covenants that might affect how you can use the space.
5. Are there any concerns about it being “below average” for its street?
The “below average” designation for living area and value on Malwa Cove simply means this specific street has larger, higher-valued homes on average. In the broader context of Inkster Gardens and Winnipeg, however, this home is above average. This dynamic could be an advantage, offering a more affordable entry point to a well-regarded street while still benefiting from the neighbourhood’s overall appeal and newer housing stock.