Property Overview: 18 Valewood Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Inkster Gardens presents a practical and affordable entry point into the Winnipeg market. Its key characteristics include 1,040 sqft of living space, a renovated basement, and a sizable 5,248 sqft lot, all built in 1984. The home’s assessed value is notably below average for its immediate street and neighborhood, which can signal an opportunity for value-conscious buyers.

The appeal lies in its straightforward, manageable layout and its position as one of the newer homes on its block—it ranks in the top 2% for year built on Valewood Crescent. The renovated basement adds functional living space. This property would best suit first-time homebuyers, investors looking for a rental property, or downsizers seeking a single-level home without a premium price tag. It offers a chance to secure a home with recent updates in a mature neighborhood, where the below-average assessment might allow for more financial breathing room compared to neighboring properties.

Section 2: Frequently Asked Questions

1. Is the price competitive for the area?
Yes. Historical sold prices and the current assessed value consistently place this home below the average for both Valewood Crescent and the wider Inkster Gardens neighborhood, suggesting a competitively priced listing.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finishes, the presence of proper permits, and whether it includes a separate entrance or rental potential.

3. How does the lack of a garage affect daily living?
The property has no garage, which is common for many homes of this era and price point. Buyers should consider the driveway capacity for parking and the cost/feasibility of adding a shed or future garage structure, given the lot size allows for it.

4. The home is newer than others on the street. Is that an advantage?
Potentially. A 1984 build likely means more modern wiring, plumbing, and insulation compared to much older homes, which can mean lower immediate repair costs and improved energy efficiency.

5. Why is the assessed value so much lower than the city-wide average?
The city-wide average assessed value is skewed by higher-value homes across all neighborhoods. This home’s assessment is actually around the city-wide median (ranked 52%). Its value is more accurately compared to its local area, where it sits below average, reflecting the specific market dynamics of Inkster Gardens.