Property Overview: 19 Platt Street, Winnipeg
Key Characteristics & Appeal
This property is a modern, recently built home (2023) in Winnipeg's North Inkster Industrial area. Its primary appeal lies in its new construction, offering move-in readiness and modern building standards that are rare citywide. With 1,673 sqft of living space, it is sized well for a small family or couple, feeling spacious compared to the Winnipeg average but more compact within its immediate neighbourhood of newer, slightly larger homes.
The assessed value of $554k positions it as a premium property compared to most of Winnipeg, but it is competitively priced within its specific area. This suggests you are paying for the quality and newness of the home itself rather than an oversized lot, as the land area is modest by city standards. The recent sale price (fall 2024) in the $600k-$650k range indicates strong market interest.
This home would best suit buyers prioritizing modern construction with minimal immediate maintenance, who value interior space over a large yard. It’s a pragmatic choice for those seeking a newer build without venturing into fully custom or luxury price tiers. A less obvious perspective is that its "average" metrics within the North Inkster Industrial area actually highlight the character of this pocket: a cluster of newer, similarly valued homes, offering a sense of neighbourhood consistency that can be reassuring for resale.
Frequently Asked Questions
1. Is this home a good value compared to others on the street?
The data shows it has a lower assessed value and slightly less living space than the street average, but it is one of the newer homes on the block. This could represent a value opportunity for a modern home, albeit on a somewhat smaller scale than its immediate neighbours.
2. What does the "Industrial" in the neighbourhood name mean for living here?
North Inkster Industrial is a mixed-area designation. While primarily residential, the name signals proximity to industrial zones. Buyers should personally investigate the immediate surroundings for light industrial activity, traffic patterns, and amenities to ensure it matches their lifestyle expectations.
3. Why is the city-wide assessed value ranking so high (top 12%)?
This ranking reflects that the home's assessed value is significantly higher than the average Winnipeg home, which is often older and on a larger, traditional lot. It underscores that this is a newer, higher-value property in the broader market context.
4. The sold price is higher than the assessed value. Is that normal?
Yes, it is common for market sale prices to differ from the municipal assessed value, which is used for property tax calculations. The sale price reflects what a buyer recently paid in the open market, often influenced by factors beyond the tax assessment.
5. How can I get the exact sale price?
The exact sale price is not publicly displayed on this site due to data source rules. You can request the exact figure by email using the "Request exact figures by email" link on the property page. The service is manual but provided without obligation.