Property Overview
90 Squire Place is a 1,400 sqft home built in 2016, situated on a 2,754 sqft lot in Winnipeg's North Inkster Industrial area. With an assessed value of $370,000, it presents a specific value profile that will resonate with certain buyers.
Key Characteristics, Appeal & Ideal Buyer
This home’s primary appeal lies in its modern build year, offering the advantages of a relatively new construction, such as updated building systems and less immediate need for major repairs. Its assessed value is notably below the averages for both its immediate street and the broader North Inkster Industrial area, suggesting a potentially more accessible entry point into a newer home.
However, the living space is below average for the local area, and the lot size is compact, especially when compared to typical city-wide standards. This creates a clear trade-off: you are acquiring a contemporary home, but with more modest interior and outdoor space.
This property would best suit a pragmatic first-time homebuyer or an investor looking for a modern, low-maintenance asset in an industrial-adjacent neighbourhood. It’s less suited for those prioritizing generous living areas, a large yard, or for buyers who view their primary home as a vehicle for significant equity growth relative to their immediate neighbourhood.
Frequently Asked Questions
1. Is this a good value compared to nearby homes?
The assessed value is below the average for both Squire Place and the North Inkster Industrial area, indicating it may offer cost savings for a newer build. However, this lower valuation corresponds with a smaller living area and lot size than many neighbours.
2. What are the implications of the "Industrial" area designation?
The North Inkster Industrial classification suggests the surrounding area may include commercial or light industrial properties. Buyers should consider the typical noise, traffic, and aesthetic environment associated with such zones.
3. How does the lot size impact potential use?
At 2,754 sqft, the lot is compact. This limits possibilities for expansions, additions, or extensive outdoor landscaping, making it ideal for those seeking a low-maintenance yard.
4. The home sold in 2016 and 2019. What does that history suggest?
The previous sales indicate turnover within a few years. While reasons vary, it underscores the importance of understanding the specific dynamics of this property and street for long-term planning.
5. Where does this home excel compared to the entire city?
Its 2016 build date is newer than approximately 94% of Winnipeg homes, a significant advantage. City-wide, its assessed value and living area are both close to the median, positioning it as a very average property in the broader market context.