Property Overview: 7 Millpond Path, Winnipeg
Key Characteristics & Appeal
This home at 7 Millpond Path in Inkster Gardens is a modern, above-average offering built in 2019. Its primary appeal lies in its combination of recent construction and generous space. With 1,804 sqft of living area, it ranks in the top 10% for size on its street and the top 17% in its wider area, offering more room than most comparable homes. The property features an attached garage and a renovated basement, adding functional living space.
The home’s assessed value is notably high for its immediate surroundings, placing it in the top 7% on Millpond Path, which often indicates superior finishes, upgrades, or desirability within the local market. The lot size of 4,430 sqft is comfortably above average for the street, providing good outdoor space without the maintenance burden of a much larger yard.
This property would suit buyers looking for a move-in-ready, modern home who value space and contemporary builds in a well-established neighbourhood. It’s particularly suited for those who appreciate a home that stands out in its local context for size, newness, and perceived value, without venturing into brand-new, premium-priced subdivisions.
Frequently Asked Questions
1. How does the assessed value compare to the likely selling price?
The assessed value of $61,900k is a municipal valuation for tax purposes and is typically lower than market value. The home’s high percentile ranking (top 7%) suggests it is considered a premium property in its area, so the selling price would likely be higher, influenced by current market conditions.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. This could range from basic finishing to include additional bedrooms, a living area, or a legal suite. Further details would need to be confirmed through a viewing or the listing agent.
3. The home sold in 2019. What does its history tell us?
It was originally sold new in mid-2019 for between $375,000 and $405,000. This provides a baseline for its initial value. Its current high assessed value suggests significant appreciation or improvements since then, making its sales history a useful point of comparison for any new sale.
4. Is the lot size a pro or a con?
It depends on your priorities. At 4,430 sqft, the lot is larger than most on Millpond Path, offering good private outdoor space. However, it is slightly below the average for the broader Inkster Gardens area. It’s a balanced lot that prioritizes usable yard space over extensive, high-maintenance land.
5. How does this home fit within the neighbourhood of Inkster Gardens?
With a 2019 build date, this is one of the newest homes in the area (ranking in the top 1% for year built in Inkster Gardens). It offers modern amenities and layout within a mature neighbourhood, appealing to those who want newer construction without living in a completely new development.