Property Overview: 371 Old Commonwealth Path, Winnipeg
Key Characteristics & Appeal
This two-storey home in Inkster Gardens presents a practical blend of modern build and established neighborhood living. Built in 2018, it is notably newer than most homes in its immediate area and across Winnipeg, offering the appeal of a relatively recent construction with likely fewer major maintenance concerns in the near term. With 1,387 sqft of living space and an attached garage, it provides a functional layout for everyday life.
Its primary appeal lies in its value positioning. The home's assessed value is below average for its specific street and neighborhood, which could represent an entry point into a newer build without the premium price tag often associated with such properties. The lot size is generous for the street, offering above-average outdoor space among its direct peers, though it is more compact compared to wider city averages.
This property would suit first-time buyers or practical downsizers seeking a modern, low-maintenance home in an established community. It’s for buyers who prioritize the condition and age of the structure over a large lot or premium location, and who are comfortable with a home that is assessed—and potentially priced—as a value option within its micro-market.
Frequently Asked Questions
1. Why is the assessed value below average for the street and area?
While newer than most homes nearby, assessed values are influenced by many factors including specific market trends, the home's exact features, and recent sales of comparable properties. A below-average assessment can sometimes indicate a value opportunity, but it's essential to view the home in person and review current market conditions.
2. What does the "Elite" ranking for Year Built mean?
This statistical ranking shows the home is among the newest 1-5% of properties when compared to its immediate neighbors on Old Commonwealth Path. It highlights that a 2018 build is a standout feature in this specific context of older homes.
3. Is the basement finished?
According to the provided details, the basement exists but is noted as "not renovated." Buyers should assume it is an unfinished space suitable for storage or future development, subject to verification during a viewing.
4. How does the lot size compare practically?
The land area is above average for the street, which may mean more backyard space than neighboring properties. However, it is smaller than the typical lot in both the broader Inkster Gardens area and Winnipeg overall, aligning with newer subdivision-style developments.
5. Where can I find the exact historical sold price?
The listed sale range is based on public data. The exact sold price is available by request from the listing source, which provides it via a manual email process as noted in the property details.