Property Overview: 89 Squire Place, Winnipeg
Key Characteristics & Appeal
This home at 89 Squire Place is a modern, low-maintenance property built in 2016, situated in the North Inkster Industrial area. Its primary appeal lies in its contemporary construction, offering a move-in-ready canvas without the concerns or update costs of an older home. With 1,400 sqft of living space, it provides efficient, modern living quarters.
The property presents a nuanced value proposition. Its assessed value of $390k is notably below the area average, potentially offering entry into a newer home at a competitive price point. However, this comes with trade-offs: the lot size is compact, even for the immediate street, and the living space is modest compared to nearby peers. This creates a distinct profile—a newer home that prioritizes the building itself over land size.
It would best suit first-time buyers or downsizers seeking a modern, manageable property without a large yard to maintain. It’s also a practical fit for investors or buyers focused on fiscal efficiency, as the newer build likely translates to lower immediate maintenance costs and better energy efficiency. The appeal is less about grandeur and more about modern practicality and a favorable price point for a recent build.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $390k is a municipal calculation for tax purposes, not a market appraisal. Notably, a nearby comparable home sold in the $500k-$550k range in 2022, suggesting market value can differ significantly. Always obtain a professional market evaluation.
2. How does the compact lot size impact living here?
The 2,754 sqft lot is smaller than most in the area. This means minimal exterior upkeep, which is a benefit for those seeking low maintenance. The trade-off is limited private outdoor space for gardening, play, or entertaining.
3. The home is newer, but is the living space sufficient?
At 1,400 sqft, the living area is below the local average. The floor plan's efficiency will be key. It’s well-suited for individuals, couples, or small families who prioritize modern finishes over sheer square footage.
4. What does the "North Inkster Industrial" neighbourhood imply?
This designation typically indicates a mixed-use area, possibly with light industrial or commercial properties nearby. This can mean convenient access to major routes and services, but prospective buyers should visit at different times to assess the ambient noise, traffic, and overall character.
5. Where can I get verified historical sale data for this property?
The provided sold price data is from public sources, not the MLS. For fully verified transaction history and exact sale figures, you must request a manual lookup from the site via email, as industry rules prevent the display of official MLS records here.