Property Overview: 59 Prairie Spring Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Inkster Gardens is a modern, low-maintenance property built in 2018. Its primary appeal lies in being a relatively new construction within a well-established city, offering contemporary systems and finishes without the premium often attached to brand-new builds. With 1,598 sqft of living space, it is notably above average for both the neighbourhood and the city overall, providing ample room in a practical layout. The home includes an attached garage and a full, unrenovated basement, presenting a blank canvas for future expansion.
The property’s value proposition is nuanced. While its assessed value is below average for its immediate street, it ranks well above average for the broader Inkster Gardens area and citywide, suggesting it may represent solid value within a desirable micro-location. The lot is compact (4,006 sqft), which translates to less yard upkeep—a plus for busy professionals or those seeking a lock-and-leave lifestyle. This home would best suit first-time buyers or downsizers looking for a modern, move-in-ready property that balances space, newer infrastructure, and manageable outdoor maintenance. It’s a pragmatic choice for those who prioritize the condition and efficiency of the home itself over a large yard.
Section 2: Frequently Asked Questions
1. Is the assessed value an accurate reflection of the likely selling price?
Not necessarily. The assessed value ($52.30k) is for municipal tax purposes. Recent sold price data for this home shows a significant increase between its 2019 and 2022 sales, and its value ranks highly compared to most of the city. The market price will be determined by current conditions, buyer demand, and the home's modern features.
2. What does the "unrenovated basement" mean?
It indicates the basement is finished but has not been recently updated. It’s functional space that is likely compliant with building codes from 2018, but it may have basic finishes. This can be a positive, as it allows the new owner to customize it to their taste without needing to undertake initial rough-in work.
3. How does the lot size impact living here?
The lot is smaller than many in Winnipeg. This means lower maintenance for gardening and yard work, which is a benefit for many. However, it also means less private outdoor space for gardening or recreation compared to homes on larger lots.
4. The home sold recently in 2022. Why might it be back on the market?
While the specific reason isn't provided, short-term ownership in a relatively new build could be due to many common life changes—job relocation, change in family size, or a shift in housing needs. The recent sale history does provide useful, current comparable data for valuation.
5. How does this home compare to others on the same street?
The data shows this home has a slightly smaller lot and living area than the street average, but it is very close to the average year built. Its assessed value is lower than many neighbours, which could be due to specific appraisal factors or may present a relative value opportunity on a street of similar, modern homes.