138 Indra Crescent

Property Overview: 138 Indra Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This is a modern, recently built home (2023) in Winnipeg's North Inkster Industrial area. Its primary appeal lies in its efficient, above-average living space within a newer construction. At 1,615 sqft, the home is notably spacious compared to others on its street and is larger than the typical Winnipeg home. This suggests a well-designed floor plan that maximizes usable area.

The property presents a specific value proposition. Its assessed value of $412k is positioned below the area average, which, combined with its new build status, could indicate a lower initial purchase price relative to similar-sized homes and minimal need for immediate repairs or updates. However, the lot size is compact (2,345 sqft), significantly smaller than most in the wider city and area. This creates a clear trade-off: you are acquiring a modern, low-maintenance home with generous interior space, but with less outdoor yard area.

This home would best suit buyers who prioritize a move-in ready, contemporary interior over extensive outdoor space. It’s ideal for professionals, small families, or downsizers seeking a newer build without a premium price tag, and who prefer spending less time on yard maintenance. It’s less suited for those wanting a large garden, extensive outdoor entertaining space, or who place a higher value on land size over building age.

Section 2: Frequently Asked Questions

1. Is this a good value for the money?
The data suggests a mixed picture. You are getting a newer, above-average sized home at an assessed value below the neighbourhood average. This can represent good value for the living space and modern construction, but it's important to weigh this against the smaller lot size.

2. What does the "North Inkster Industrial" neighbourhood mean for living here?
The name indicates the area's zoning and history. It typically features a mix of residential and light industrial/commercial properties. Buyers should visit to assess the streetscape, traffic patterns, and proximity to any industrial activities to ensure it matches their lifestyle expectations.

3. The home sold recently in 2023. Why is it back on the market?
While the provided data doesn't specify a current listing, it shows a sale in late 2023. Any rapid resale could be due to many neutral factors like a job relocation, change in family circumstances, or an investor exiting the property. A property history review would be needed for clarity.

4. How does the small lot size affect future plans?
The compact lot may limit expansion possibilities like large additions, decks, or pools. It also means less private outdoor space. For some, this is a welcome low-maintenance feature; for others, it could be a constraint.

5. The assessed value is below the street average. Is that a concern?
Not necessarily. It primarily reflects the municipality's valuation for tax purposes, which considers multiple factors including lot size. It can sometimes create a tax advantage. The market sale price is determined by current buyer demand and the home's condition, which appears to be excellent given its age.