Property Overview: 78 Squire Place, Winnipeg
Key Characteristics & Appeal
This 1,503 sqft home, built in 2016, presents a practical and modern living option within Winnipeg's North Inkster Industrial area. Its primary appeal lies in its balance of relative newness and value. Being only ten years old, it is a notably newer property compared to the city's average home, suggesting modern building standards and potentially lower immediate maintenance costs. The living space is efficiently sized, offering more room than the typical Winnipeg home while remaining manageable.
The property’s value proposition is nuanced. With an assessed value of $385k, it sits below the average for its immediate area, which could indicate a value opportunity for a buyer seeking a newer home in this specific neighbourhood. However, the lot size is compact, even for the street, which may appeal to those seeking lower exterior upkeep but is a consideration for those wanting expansive outdoor space.
This home would suit first-time buyers or downsizers looking for a modern, low-maintenance property without the premium often attached to brand-new builds. It’s also a sensible fit for value-focused buyers who prioritize the condition and age of the home itself over a large yard, especially if they wish to enter this particular neighbourhood at a competitive price point.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value of $385k is a municipal figure for tax purposes and is not a direct indicator of market value. It is below the neighbourhood average, which can be a starting point for discussion, but a professional appraisal and current market analysis are necessary to determine true market value.
2. What are the implications of the smaller lot size?
At 2,754 sqft, the lot is compact. This typically means less yard maintenance and lower landscaping costs, which is a benefit for some. However, it may limit options for additions, decks, or extensive gardening, and can mean homes are situated closer together.
3. The home sold in 2016. Is there more detailed sale history available?
The provided data shows a sale in 2016 for between $250k-$300k. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email, as they do not display MLS sold records.
4. Is the "North Inkster Industrial" area primarily industrial?
The name suggests an industrial component to the area. Prospective buyers should research the specific surroundings of Squire Place to understand the mix of residential, commercial, and industrial properties, as this can impact lifestyle, traffic, and future development.
5. How does the living area compare to nearby similar homes?
At 1,503 sqft, this home has a slightly smaller living area than the average for both its street (1,537 sqft) and the broader North Inkster area (1,635 sqft). It is, however, larger than the average Winnipeg home. This positions it as a comfortably sized home within its immediate context, though not the largest.