Property Overview: 73 Squire Place, Winnipeg
Key Characteristics & Appeal
This 2016-built home in North Inkster Industrial offers a practical, modern footprint with 1,533 square feet of living space. Its primary appeal lies in its balance of relative newness and efficient scale. The home is notably newer than most in Winnipeg, ranking in the top 6% city-wide for year built, which suggests updated building standards and less immediate need for major repairs. While the lot size is compact compared to many city properties, the living area is above average for its immediate street and the city overall, indicating a well-utilized floor plan.
The property’s assessed value of $391,000 sits around the city average, but is below average for the North Inkster Industrial area itself. This creates a nuanced position: you’re acquiring a newer home in a neighbourhood where property values are generally higher, which can be seen as an entry point into the area. It would suit first-time buyers or downsizers seeking a low-maintenance, modern home without a premium lot, or investors attracted to a newer asset in an established industrial-adjacent community. The data suggests a property that prioritizes interior space over land, appealing to those who value a turn-key living experience over extensive outdoor space.
Frequently Asked Questions
1. Is this a good value compared to the neighbourhood?
The assessed value is below the average for North Inkster Industrial. This could indicate a value opportunity, but it’s essential to understand why—such as the smaller lot size—and to verify current market conditions with a professional.
2. What does the smaller lot size mean for me?
The 2,754 sqft lot is compact, especially compared to the city-wide average. This means lower exterior maintenance but limited space for expansions, large gardens, or extensive outdoor recreation. It emphasizes efficient use of indoor space.
3. As a newer home, what should I still check?
While built in 2016, a pre-purchase inspection remains crucial. Focus should be on systems (HVAC, plumbing) and the building envelope, as construction standards and materials from that period can vary.
4. How reliable is the sold price data from 2016?
The listed sale from 2016 provides historical context but reflects the market from nearly a decade ago. It is not a reliable indicator of current value. For verified, recent comparable sales, consulting a real estate professional or requesting the site’s manual lookup is recommended.
5. The area is called "North Inkster Industrial." What is the living environment like?
This typically indicates a mixed-use neighbourhood. Prospective buyers should visit at different times to assess factors like traffic patterns, noise, and the blend of residential and commercial/industrial properties to ensure it aligns with their lifestyle expectations.