Property Overview: 224 Dr. Jose Rizal Way, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2015, offers a practical and modern living space in Winnipeg's Inkster Gardens neighborhood. With 1,336 sqft of living area, it sits comfortably around the average size for similar homes in the area, providing ample room for daily life without the upkeep of a larger property. A key feature is the existing basement, which presents a clear opportunity for future expansion or customization to suit a buyer's needs. The home includes a detached garage.

Its primary appeal lies in its balance of being a relatively newer build with a manageable footprint. For its immediate street and neighborhood, the assessed value is notably below average, which could signal a more accessible entry point into a modern home. The lot, while smaller than many in the city, is typical for newer subdivisions and requires less maintenance.

This property would suit first-time buyers or small families looking for a home that doesn't require immediate major renovations. It's also a sensible match for value-conscious buyers who prioritize a newer construction year (which often means fewer near-term repair costs) over having a large yard. The basement adds flexibility, making it suitable for someone planning a future rec room, home office, or rental suite.

Section 2: Frequently Asked Questions

1. Is the price fair compared to the assessed value?
The most recent sold price range appears to be significantly lower than the current $400k assessed value. This discrepancy warrants a closer look at current market conditions and a professional appraisal to understand the home's true market value.

2. What is the neighborhood like?
The home is in Inkster Gardens. The data shows the property's metrics (size, value, lot) are generally around or below average for this specific area, suggesting it's a neighborhood of modest, closely-built homes. Further research into local amenities, schools, and community feel is recommended.

3. What does "basement, not renovated" mean?
This indicates the basement is unfinished or in a basic, builder-grade state. It's a blank canvas that allows you to finish it to your taste, but you must budget for that project. It's an advantage for those wanting to customize, but not for those seeking a move-in-ready lower level.

4. How does the lot size affect the property?
At 3,678 sqft, the lot is smaller than many in Winnipeg. This means lower yard maintenance, but also less private outdoor space. The placement of the detached garage will significantly influence the usable backyard area.

5. Why is the assessed value ranking so high on the street?
The data shows the home's assessed value is in the top 84% on its own street, meaning it's valued higher than most of its immediate neighbors. This could be due to its newer construction year (2015) compared to potentially older homes on the block, but it's important to investigate if this higher valuation is consistent with actual sale prices in the area.