Property Overview: 75 Mount Auburn Bay, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home in Inkster Gardens built in 1986. Its key characteristic is balance: it offers a practical, renovated living space on a generous lot. At 1,040 sqft, the living area is modest for the immediate street and neighbourhood, but this translates to efficient, manageable upkeep. The renovated basement adds functional space. A significant appeal lies in its land—at 5,785 sqft, the lot size is notably above average for both the street and the wider Inkster Gardens area, offering ample outdoor potential. With an attached garage and a below-average assessed value for the area, it presents a value-oriented entry point.
The home suits first-time buyers or downsizers seeking a single-level layout with a low-maintenance footprint, but who still desire a sizable yard. It also appeals to value-conscious buyers looking for a solid foundation in a mature neighbourhood, where the land itself represents a substantial portion of the asset. A less obvious perspective is that its "below average" size and assessment on its street could indicate less property tax pressure relative to immediate neighbours, while its above-average lot size provides a private oasis not common in newer subdivisions.
Frequently Asked Questions
1. Is the house particularly small?
While the living area is below the average for homes on Mount Auburn Bay and in Inkster Gardens, it is close to the city-wide average. The layout is efficient for a single-storey home, and the renovated basement provides additional usable space.
2. What does the "above average" lot size mean practically?
With a lot of nearly 5,800 sqft, you have significantly more outdoor space than many homes in the broader neighbourhood. This allows room for gardening, recreational areas, or future additions like a shed or deck, which can be a rarity in mature areas.
3. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is typically lower than market value. This home's assessed value is below average for its street and neighbourhood, which may suggest a competitive starting point for buyers, but the final sale price will be determined by the current market.
4. The home was last sold in 2017. What might have changed?
The sale in early 2017 was at a significantly lower price point. The key change noted in the listing is the renovated basement, which likely adds to the home's functionality and value since that last sale.
5. What are the trade-offs of a 1986-built home?
Homes from this era benefit from modern standards compared to much older stock, but may be due for updates to major systems like the roof, windows, or HVAC. A thorough inspection is recommended to understand the condition behind the renovated finishes.