Property Overview: 48 Prairie Spring Bay, Winnipeg
Key Characteristics & Buyer Profile
This two-storey home in Inkster Gardens is a modern property built in 2019, offering a move-in-ready opportunity with a renovated basement. Its key appeal lies in its above-average size and contemporary build within its wider neighborhood and the city. With 1,866 sqft of living space, it provides more room than most Winnipeg homes and is notably newer than the vast majority of properties in the area. The attached garage and modern infrastructure are practical benefits.
The home’s value proposition is nuanced. While it ranks highly for living space, year built, and assessed value compared to its surroundings, it sits on a smaller lot (3,635 sqft), which is below average for the street and city. This suggests a home designed for efficient indoor living rather than extensive outdoor space. It would suit buyers looking for a modern, low-maintenance property without the concerns of an older home, prioritizing interior square footage over a large yard. First-time homeowners or downsizers seeking a spacious, contemporary layout in a established neighborhood may find it particularly aligned with their needs.
Frequently Asked Questions
1. How does the property’s value compare to recent sales?
The home last sold in early 2020 for an estimated range of $395,000 to $425,000. Its current assessed value is $585,000. For an exact historical sold price, you can request the information via email from the listing source.
2. What does "below average" land area mean for this home?
The lot is 3,635 sqft, which is smaller than most on its street and in Winnipeg. This typically means a more manageable yard with less maintenance, but may limit potential for large additions, pools, or extensive landscaping.
3. Why is the year built a significant feature here?
Built in 2019, this home is newer than 99% of homes in Inkster Gardens and 96% citywide. This is a major advantage, suggesting modern building standards, newer major systems (like HVAC and plumbing), and likely lower immediate repair costs compared to the area's predominantly older housing stock.
4. Who are the most comparable neighbors?
The most directly comparable properties are likely others on Prairie Spring Bay, which average similar assessed values and living areas. The home’s size and value also align it with certain properties in neighborhoods like Elmhurst, Varsity View, and Ridgedale.
5. What is the broader neighborhood context?
Inkster Gardens is a mature neighborhood. This property stands out within it for its newness and above-average living space, offering a modern home in an established community setting. Buyers should consider if they prefer this blend or a neighborhood with more uniformly newer homes.