Property Overview: 54 Squire Place, Winnipeg
Key Characteristics & Appeal
This home at 54 Squire Place is a modern, efficiently sized property built in 2016. With 1,494 square feet of living space, it offers a comfortable layout that is very close to the average size for its immediate street and the broader North Inkster Industrial area. Its primary appeal lies in its contemporary build, which means buyers can expect newer construction standards, modern systems, and less immediate maintenance compared to much of Winnipeg's older housing stock.
A standout characteristic is its assessed value of $369k, which is notably below the average for both its street and neighborhood. This presents a potential value opportunity, especially when paired with the home's relatively recent build year. The lot size of 2,754 sqft is compact, which translates to less yard upkeep—a plus for those seeking a low-maintenance lifestyle.
This property would suit first-time buyers or practical downsizers looking for a modern home without a premium price tag. It’s ideal for someone who prioritizes the condition and age of the home over having a large yard or top-tier neighborhood ranking. The data suggests it’s a competitively priced, newer home in a setting where property values are generally higher, making it a pragmatic choice for cost-conscious buyers who still want a recent build.
Frequently Asked Questions
1. Is this home a good value compared to others nearby?
The assessed value is significantly lower than the averages for both Squire Place and the North Inkster Industrial area, while the home is newer than most on the street. This discrepancy could indicate a value opportunity, but it's essential to understand the specific reasons through a viewing and potential inspection.
2. What does the "below average" ranking for assessed value mean?
It means this home's official city assessment is lower than most homes in its direct comparison groups. This can be positive for property taxes but may also reflect factors like lot size, specific finishes, or previous sale history. It doesn't necessarily reflect the current market price.
3. The lot seems smaller than average. Is that a concern?
The lot is smaller than many in the city and area, which is typical for newer subdivisions. This is a advantage for buyers wanting minimal yard maintenance. However, it may limit expansion possibilities like large additions or pools.
4. The home sold in 2022. What can the past sale price tell me?
The past sale price (shown in a range) provides a benchmark for how the market valued it a few years ago. Given the assessed value is now $369k, reviewing the exact 2022 sale price (available by request) can help gauge appreciation or market shifts.
5. How does the building age compare to the rest of Winnipeg?
Built in 2016, this home is newer than approximately 94% of all homes in Winnipeg, which have a median build year of 1966. This is a significant advantage, suggesting more modern building materials, layout, and infrastructure.