Property Overview
58 Sawka Bay is a modern, three-year-old home in Winnipeg's North Inkster Industrial area. Built in 2023, it offers 1,282 square feet of living space on a 2,697 square foot lot, with a municipal assessed value of $397,000. Recent sales data indicates it sold in July 2024 for an estimated $400,000–$450,000.
Key Characteristics & Appeal
This property’s primary appeal is its exceptional newness. It is one of the newest homes on its street and ranks in the top 1-4% for year built across its area and the entire city. This translates to modern construction standards, likely minimal immediate maintenance, and contemporary layouts. The living space is comfortably sized and aligns closely with the city-wide average, making it a practical, move-in-ready home.
Its value proposition is nuanced. While the assessed value is below average for its immediate neighborhood and industrial area—where average values are higher—it sits close to the city-wide average. This suggests you may get a newer home here for a price point more common to older housing stock elsewhere in Winnipeg. The lot size is compact, even for the area, which means lower exterior upkeep but less private outdoor space.
This home would suit a first-time buyer or a downsizer seeking a modern, low-maintenance property without a premium price tag. It’s ideal for someone who prioritizes a contemporary interior over a large yard. It may also appeal to an investor looking for a relatively new asset in an industrial-zoned area, which can offer different rental or utility opportunities compared to purely residential zones.
Frequently Asked Questions
1. Is the price fair for the neighborhood?
The assessed value of $397k is below the average for both Sawka Bay and the wider North Inkster Industrial area. This indicates the asking price may reflect the home’s smaller lot size. Compared to the city-wide average, however, the value is typical, suggesting you're paying a standard Winnipeg price for a much newer home.
2. What are the implications of the "Industrial" area designation?
North Inkster Industrial is a mixed-use zone. This can mean proximity to commercial or light industrial activity, which may affect noise levels or traffic compared to a purely residential suburb. It's advisable to visit at different times of day to assess the environment.
3. How does the small lot size impact the property?
At 2,697 sq ft, the lot is significantly smaller than the city average. This means minimal yard maintenance but also limited potential for expansions like large decks, additions, or extensive landscaping. It emphasizes the property as a home, not a land play.
4. The home is newer; will property taxes be higher?
Not necessarily based on assessment alone. While new builds often have higher assessments, this home's assessed value is actually below its local area average. Your taxes would be calculated on this $397k assessment, not on the construction date.
5. Where can I get the exact sold price history?
The public data shows a sold price range. Due to industry regulations, exact sale figures are not published online here. You can request the precise transaction history by emailing the site directly for a manual lookup, which they provide without cost or obligation.