Property Overview: 23 Petriw Bay, Winnipeg
Key Characteristics & Buyer Appeal
This one-storey home in Inkster Gardens is a study in solid value within its immediate neighborhood. Its key characteristic is a recently renovated basement, adding modern living space to the 1,028 sqft footprint. The detached garage and a land size that's above average for Petriw Bay (4,398 sqft) offer practical utility and space. The home’s appeal lies in its strong positioning on its own street: it ranks in the top 3% for assessed value and has a sold price history that outperforms most direct neighbors, suggesting it is a well-regarded property on the block. While its size is below average for the wider Inkster Gardens area and city, this translates to a potentially more manageable and efficient layout.
It would suit first-time buyers or downsizers looking for a single-level living option with recent updates in a stable, established neighborhood. The data indicates it’s a property that holds its value exceptionally well on its street, appealing to a pragmatic buyer who values community standing and renovation work already completed over sheer square footage.
Frequently Asked Questions
1. How does this home’s value compare to the area?
While its assessed value is around average for Inkster Gardens and city-wide, it ranks in the elite top 3% on its own street. This suggests it is considered a premium property among its direct neighbors, likely due to factors like the renovated basement.
2. Is the living space smaller than typical homes?
Yes. At 1,028 sqft, the living area is below the average for both the broader Inkster Gardens area and Winnipeg overall. However, it is very close to the average for homes specifically on Petriw Bay, indicating the street consists of similarly sized, cozy properties.
3. What is the significance of the sold price history provided?
The sold price range from June 2023 is based on public data. The exact figure is available upon request to ensure accuracy, as the provided range is an estimate. This history shows the home sold in a price tier that outperformed about 75% of comparable sales in the area at that time.
4. The home was built in 1978. What should I consider?
Built 48 years ago, the home is older than most in Inkster Gardens but is typical for its street and slightly newer than the city-wide average for comparable homes. The renovated basement is a significant update, but a thorough inspection of original components like the roof, windows, and major systems is always recommended for a home of this age.
5. Who are the closest neighbors, and how close are they?
The five nearest properties are all on the same block of Petriw Bay, with the closest homes at 19 and 27 Petriw Bay being approximately 13 meters away. This indicates a standard, close-knit suburban lot layout.