Property Overview: 11 Platt Street, Winnipeg
Key Characteristics & Appeal
This is a modern, above-average sized home in Winnipeg's North Inkster Industrial area, built in 2023. Its primary appeal lies in its new construction status and spacious living area of 2,253 sq ft, which places it in the top tier (top 3-6%) compared to most homes in the city and immediate area. The assessed value of $648,000 reflects this premium, ranking it in the elite top 5% citywide and top 3% in the neighbourhood.
The home sits on a 4,179 sq ft lot, which is standard for its specific street and area, though smaller than the Winnipeg city average. This suggests a low-maintenance yard relative to the generous interior space. The property last sold in late 2023 for an estimated $700k-$750k.
It would best suit buyers seeking a modern, move-in-ready home without the typical maintenance concerns of an older property, who prioritize interior square footage over a large lot. It’s also a strong fit for those looking for a home with statistical outperformance in key metrics (size, value, age) within its market context.
Frequently Asked Questions
1. What does the "Elite" or "Top X%" ranking actually mean?
It means this property outperforms that percentage of comparable homes for that specific metric. For example, its assessed value is higher than 97% of homes in its immediate area, indicating it is a high-value property in this neighbourhood.
2. The lot size is noted as "below average" citywide. Is that a concern?
This is relative. While the lot is smaller than the Winnipeg average, it is perfectly in line with the typical lot size on Platt Street and in North Inkster Industrial. It indicates a more efficient land use, which often means less yard upkeep.
3. How reliable is the sold price data shown?
The provided sold price range is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email.
4. What might explain the difference between the last sold price ($700k-$750k) and the current assessed value ($648k)?
Assessed values for taxation purposes can lag behind market sale prices, which are influenced by current demand, specific conditions of the sale, and any upgrades made since the last assessment.
5. The home is in an "Industrial" named area. What is the setting actually like?
North Inkster Industrial is a residential neighbourhood. The name is historical or descriptive of the broader district. The immediate surroundings on Platt Street are residential, as evidenced by the direct comparison to neighbouring houses.