Property Overview: 58 Squire Place, Winnipeg
Key Characteristics & Appeal
This 1,400 sqft home, built in 2016, presents a modern living space within Winnipeg's North Inkster Industrial area. Its primary appeal lies in its balance of recent construction and a value-oriented position within the market. The home is newer than 94% of properties city-wide, suggesting modern building standards and potentially lower near-term maintenance costs. However, its assessed value of $378K sits below the averages for both its immediate street and the broader North Inkster Industrial area, indicating it may be priced more accessibly than many direct comparables.
The lot size of 2,754 sqft is compact, especially compared to the city-wide average, which points to a lower-maintenance yard—a draw for those seeking efficiency over expansive outdoor space. The data suggests a property that suits pragmatic buyers: first-time homeowners looking for a modern build without a premium price tag, or investors seeking a relatively new asset in an industrial-adjacent neighbourhood where values are below area averages. It’s a home that offers contemporary amenities while standing out as a value play on its own street.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold between $450K-$500K in August 2022. Its current assessed value of $378K is below the street average of approximately $410K, suggesting it may be positioned competitively in the current market.
2. What are the implications of the "Industrial" area designation?
The North Inkster Industrial classification typically means a mix of residential and light industrial uses. Buyers should consider the potential for commercial traffic and noise, but often benefit from more competitive pricing compared to purely residential zones.
3. Is the living space smaller than average?
At 1,400 sqft, it is below the average for both its street (1,537 sqft) and immediate area (1,635 sqft). This makes it a more compact option, which can mean lower utility costs and less upkeep, but may require efficient use of space.
4. The lot is noted as compact. What does that mean for me?
With a 2,754 sqft lot, outdoor maintenance is minimized. This is a advantage for those with busy lifestyles, but it does limit possibilities for large additions, pools, or extensive landscaping.
5. How can I verify the exact historical sold price?
The site provides sold price ranges for general research. To obtain the exact sale figures and a full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS.