Property Overview

This two-storey home at 222 Dr. Jose Rizal Way in Inkster Gardens presents a specific value proposition. Its key appeal lies in being a relatively modern build (2016) within a neighborhood and city context where most homes are significantly older. The house itself, at 1,316 sqft, offers a functional living space that is competitively sized for the immediate area. It features a detached garage and an unrenovated basement, representing a straightforward canvas. The lot, however, is notably compact at just over 3,000 sqft, which is well below average for the street and city.

This property would suit a practical, value-conscious buyer—perhaps a first-time homeowner or an investor—who prioritizes modern building systems and lower immediate maintenance over expansive outdoor space. It’s for someone who sees the smaller lot as a trade-off for a newer home and views the unfinished basement as potential rather than a drawback. The assessed value sits above average for the street but aligns with the broader neighborhood, suggesting it may offer a balance of modern amenities within a more accessible price tier than newer subdivisions.

Frequently Asked Questions

1. How does the age of this home compare to others in the area?
This is one of the newest homes on the street, built in 2016. It ranks in the top 3% for its street and the top 6% city-wide for year built, meaning it is substantially newer than most comparable Winnipeg homes.

2. Is the lot size a concern?
The land area is approximately 3,077 sqft, which is below average for the street, neighborhood, and city. This means smaller outdoor space and potentially less distance from neighbors. For buyers seeking a large yard, this is a significant limitation; for those preferring lower maintenance, it could be an acceptable trade-off.

3. What does the "unrenovated basement" imply?
The basement is finished but has not been recently updated. Buyers should budget for potential cosmetic updates or system checks (like insulation or moisture management) to tailor it to their needs, though the core structure is modern.

4. How is the value positioned in the market?
With an assessed value of $400k, it is above average for its specific street but around the average for the wider Inkster Gardens neighborhood. This suggests you may be paying a premium for the newer construction relative to immediate neighbors, while still being within the typical range for the area.

5. What can the 2016 sale price tell me?
The home sold for an estimated $27.5k - $30.5k in 2016, which is likely the original purchase price from the builder. This indicates the current owner is the first occupant, and the property has not been part of a rapid "flip" cycle, potentially pointing to more consistent upkeep.