Property Overview: 91 Petriw Bay, Winnipeg
Key Characteristics & Appeal
This one-storey home in Inkster Gardens is defined by a notable contrast: its modest, renovated 1,000 sqft living space sits on an exceptionally large 6,232 sqft lot. Built in 1983, it is newer than many homes on its own street and city-wide. The assessed value is modest compared to the broader Inkster Gardens area, positioning it as an accessible entry point. The primary appeal lies in this combination of a updated, manageable house with substantial outdoor space and development potential—a rarity in its price range. It suits first-time buyers, downsizers seeking single-level living, or investors looking for a property where the land itself represents significant long-term value. A thoughtful perspective is that while the home's size is below area averages, its lot size is in the elite tier for the immediate neighborhood, offering privacy and future expansion possibilities that most nearby properties cannot match.
Frequently Asked Questions
1. How does the home's value compare to the area?
The home's assessed value is below the average for the wider Inkster Gardens neighborhood, but it is around average for its specific street and for Winnipeg overall. This suggests it may offer relative value within its immediate community.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but the specific scope and quality of finishes (e.g., legal suite, rec room, plumbing) are not detailed. This would be a key point for buyer verification.
3. Is there potential for expansion or adding a garage?
The lot size is significantly larger than most on the street, making it a prime candidate for future additions, a detached garage, or landscaping projects, subject to local zoning bylaws.
4. What are the known sold prices for this home?
Public data shows a sale in March 2017 for an estimated range of $20.5k to $23.5k. For the exact historical sold price, you must request it directly from the listing service via email.
5. How does the lack of a garage affect utility and value?
The property has no garage, which is common for many older Winnipeg homes. The large lot does provide ample space for off-street parking and the potential to build one, which could be a cost-to-value consideration for buyers.