Property Overview: 81 Squire Place, Winnipeg
Key Characteristics & Appeal
This home at 81 Squire Place is a modern, low-maintenance property built in 2016, offering a practical footprint in Winnipeg's North Inkster Industrial area. With 1,492 sqft of living space and an assessed value of $382k, it presents as a competitively priced, turn-key option. Its primary appeal lies in its balance of contemporary build quality and a manageable scale, avoiding the premium often attached to newer homes on larger lots.
The home sits on a modest 2,754 sqft lot, which is smaller than many in the city but is actually above average for its immediate street. This suggests a more efficient use of space and less yard upkeep—a notable advantage for those seeking a newer home without the burden of extensive landscaping. The data indicates its value is notably below the area average, potentially offering more modern amenities for the price compared to older, more expensive homes nearby.
This property would suit first-time buyers or downsizers looking for a modern, move-in-ready home with minimal exterior maintenance. It’s also a pragmatic choice for value-focused buyers who prioritize a recent build year and efficient interior space over a large yard. The neighbourhood context suggests it fits well for those comfortable in an industrial-adjacent community where newer homes are less common.
Frequently Asked Questions
1. How does the property’s value compare to nearby sales?
Based on available data, it last sold between $400k-$450k in late 2021. Its current assessed value of $382k sits below the average for the wider North Inkster Industrial area, suggesting it may be valued competitively within its immediate cluster of newer homes.
2. What are the implications of the smaller lot size?
The lot is compact, especially compared to the city-wide average. This typically means lower maintenance costs and less time spent on yard work. However, it may limit expansion possibilities or outdoor recreation space, so it’s best for those who prioritize the home itself over outdoor living.
3. Is the home older or newer than most in Winnipeg?
Built in 2016, it is significantly newer than the average Winnipeg home (city-wide average build year is 1966). This often translates to modern building codes, materials, and systems, potentially reducing immediate repair and renovation costs.
4. How does the living space compare to typical homes?
At 1,492 sqft, the living area is slightly below the average for the local area but above the city-wide average. It represents a mid-sized footprint, suitable for a small family or couple, and is efficiently sized relative to its lot.
5. What is the neighbourhood character, given the "Industrial" designation?
North Inkster Industrial is a mixed-use area. Buyers should be aware that while offering newer housing stock, the surroundings may include commercial or light industrial activity. This can mean convenient access to services but potentially less of a traditional residential feel compared to purely suburban neighbourhoods.