Property Overview
This 912 sqft bi-level home at 8-1171 Fife Street, built in 2017, presents a practical and low-maintenance opportunity in Winnipeg's Inkster Industrial Park. Its key appeal lies in its modern build year, which stands out significantly compared to the city's much older housing stock, suggesting fewer immediate major repair concerns. The home features a detached garage and an unrenovated basement, offering a blank canvas for future expansion or storage.
The property suits first-time buyers or investors seeking a newer, entry-level home with a manageable footprint. Its assessed value is consistently average for its immediate area, indicating stable and predictable property taxes. A thoughtful perspective is the lot size: while below average citywide, it is actually above average for the Inkster Industrial Park neighbourhood, offering more outdoor space than many nearby properties. This creates a balance between a newer home and a usable yard in an industrial-area setting.
Frequently Asked Questions
1. How does the property's age compare to nearby homes?
Built in 2017, this home is significantly newer than the Winnipeg city-wide average (1966). Within its immediate Inkster Industrial Park area, it is also slightly newer than the local average, offering modern construction in an established neighbourhood.
2. What is the significance of the "above average" lot size for the neighbourhood?
While the 3,153 sqft lot is below the Winnipeg average, it ranks in the top 11% within Inkster Industrial Park. This means you likely get more private outdoor space than most comparable properties in the immediate vicinity.
3. Who would this property's "average" assessed value appeal to?
With an assessed value that is consistently around the average for its street, neighbourhood, and city-wide, this property offers predictability. Buyers can expect property taxes that are in line with similar local homes, without the premium or discount that can come with more outlier valuations.
4. What does the unrenovated basement mean for a buyer?
The basement is described as "not renovated," meaning it is finished to a basic standard or is unfinished. This is not a drawback, but an opportunity—it allows the next owner to customize the space to their needs without paying a premium for someone else's renovations.
5. How does the living space compare to typical Winnipeg homes?
At 912 sqft, the living area is below the city-wide average. This makes the home efficient and easier to maintain, suiting individuals, couples, or small families. It's a trade-off: you get a newer build (2017) but with a more compact footprint than the typical Winnipeg house.