Property Overview: 96 Petriw Bay, Winnipeg
Key Characteristics & Appeal
This 1978-built, one-storey home in Inkster Gardens offers a practical, no-fuss living arrangement. With 924 square feet of living space and a recently renovated basement, it provides solid fundamentals without excessive size or complexity. The detached garage and a 3,397 sqft lot offer functional outdoor and storage space.
The primary appeal lies in its value positioning and simplicity. For its immediate neighbourhood and street, the home's living area, assessed value, and lot size are all around the local average, suggesting it's a typical, well-priced option for the area. It represents an entry point into the Winnipeg market with manageable scale and recent updates where it counts—below ground. The sales history indicates steady, modest appreciation.
This property would suit first-time buyers, downsizers, or practical investors seeking a straightforward, low-maintenance home. It’s for those who prioritize function over grandeur and see the value in a home that doesn’t stand out dramatically on its street—for better or worse—offering community-typical utility at a likely accessible price point.
Frequently Asked Questions
1. Is this a small home?
Yes, at 924 sqft, it is below the average size for both the wider Inkster Gardens area and Winnipeg overall. However, for its specific street, Petriw Bay, it is very close to the neighbourhood average, indicating the homes here are generally more compact.
2. What does the "renovated basement" imply?
While specifics aren't listed, a renovated basement in a home of this age typically adds crucial finished living or utility space, potentially increasing its functionality and value relative to other homes with unfinished lower levels.
3. How has the property's value changed?
Based on available sale ranges, the home sold for approximately $25.5k-$28.5k in 2016 and $36.5k-$39.5k in 2024. This suggests a trend of modest value increase over an eight-year period.
4. Who are the typical neighbours?
The home is on a street of very similar properties. The data shows nearby homes are close in age, size, and value, indicating a uniform, established neighbourhood character without extreme outliers.
5. Why is the city-wide assessed value average so much higher?
The city-wide average assessed value shown ($390k) is skewed by including all home types across Winnipeg. This property's assessment ($34.6k) is more meaningfully compared to its immediate area, where it aligns closely with local norms.