Property Summary: 31 Petriw Bay, Winnipeg
Key Characteristics & Buyer Profile
This 960 sqft bi-level home, built in 1978, presents a practical and value-conscious opportunity in the Inkster Gardens neighborhood. Its key appeal lies in its balance of a renovated basement, a detached garage, and a land area (4,398 sqft) that is notably larger than many of its immediate neighbors on Petriw Bay. The home’s assessed value is strong for its specific street, ranking in the top 19%, which suggests it is well-maintained relative to nearby properties. However, its living space is modest, especially when compared to the broader area and city averages.
This property would suit first-time buyers or practical downsizers seeking a solid, no-frills home with some updated elements and a decent-sized yard. It’s for someone who values the potential of a renovated basement for extra living space and prioritizes a sense of value within a specific community block over having above-average square footage. A thoughtful perspective is that while the home may feel smaller compared to the wider area, it holds its own quite well on its own street, indicating a well-kept property in a consistent, established setting.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 960 sqft, the living area is slightly below the average for the Inkster Gardens area but is quite typical for homes directly on Petriw Bay, where it ranks near the middle of the pack.
2. What does the assessed value ranking indicate?
The assessment ranks in the top 19% on its street, suggesting the property is in good condition relative to its closest neighbors. Citywide, its assessment is around the median, indicating it is a fairly typical value for Winnipeg.
3. Has the property been sold recently?
Yes, it was sold in April 2022. The exact sale price is available upon request from the listing service.
4. What is the lot size, and is it a standout feature?
The lot is 4,398 sqft, which is above average for Petriw Bay. This larger-than-standard lot for the immediate area is a positive feature, offering more outdoor space than many neighboring properties.
5. What type of home is this, and what are the key features?
It is a bi-level home with a renovated basement and a detached garage. The listing confirms there is no pool. The home’s age (1978) is typical for the street but older than many homes in the broader Inkster Gardens area.