Property Overview: 23 Burrowing Owl Cove, Winnipeg
Key Characteristics & Appeal
This 2014-built bi-level home in Inkster Gardens offers a practical and modern living space. With 1,355 sqft of living area, it sits comfortably around the average size for its immediate street and neighborhood, providing ample room without being oversized. Its standout feature is its above-average assessed value relative to both the Inkster Gardens area and Winnipeg as a whole, suggesting a perception of solid quality or desirability within its market. The property sits on a 4,529 sqft lot, which is notably larger than many on its own street, offering good outdoor space for a home of this vintage.
The home’s primary appeal lies in its balance. It’s a relatively recent build (12 years old) requiring less immediate maintenance than the typical Winnipeg home, paired with a renovated basement and an attached garage for convenience. It suits buyers looking for a move-in ready, low-maintenance property in a settled neighborhood—ideal for young professionals, small families, or downsizers who value modern infrastructure and a manageable yard. A thoughtful perspective: while newer than most city homes, it’s actually one of the older homes on its own street, indicating a well-established, mature streetscape rather than a brand-new development phase.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in September 2023 for an estimated $500,500-$535,000. Its current assessed value of $540,000 is slightly above that range, which is common as assessments aim to reflect market value over time. It indicates stable or slightly appreciating value in the area.
2. What does the "above average" assessed value ranking mean for taxes?
While the assessed value is ranked above average for the neighborhood and city, property taxes are calculated using a mill rate applied to this assessment. A higher assessment typically leads to a higher tax bill, so this is a factor to budget for, balanced against the property's perceived value.
3. Is the living space spread over two full floors?
As a bi-level, the home's 1,355 sqft is distributed over two levels, typically with a ground-floor entry leading to living areas and an upper level containing bedrooms, or a similar split. The renovated basement is included in this total livable square footage.
4. The lot is larger than others on the street. Does that add value?
Yes, a larger lot (4,529 sqft vs. a street average of ~4,384 sqft) generally provides more privacy, space for landscaping, and potential for additions like a deck or shed. It’s a tangible asset that can contribute to the property's long-term value and appeal.
5. The home is newer than most in Winnipeg but older than many on its street. What are the implications?
This means you benefit from modern construction standards and systems, while the neighborhood itself is past the initial settling-in phase. The streetscape is likely mature with established landscaping, and any major development or construction issues on the street are probably resolved.