Property Overview: 238 Dr. Jose Rizal Way, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Inkster Gardens presents a practical and balanced offering. Built in 2014, it is a notably newer construction compared to the average Winnipeg home, suggesting modern building standards and less immediate concern for major system replacements. The 1,416 sqft living space is squarely average for its area, providing comfortable room for a small family or couple. A key feature is the renovated basement, adding valuable finished space. The property stands out with a larger-than-average land area for both its street and neighbourhood (5,469 sqft), offering good outdoor potential and a sense of space uncommon in newer developments. Its detached garage adds convenience.

The appeal lies in this combination of a relatively new, low-maintenance home on a generous lot—a pairing that can be hard to find. It suits first-time buyers looking for a modern home without a tiny yard, or practical investors seeking a newer property with rental-ready space (including the renovated basement). The assessed value is above average citywide, but aligns with neighbourhood norms, indicating a stable, established value.

A less obvious perspective is its positioning within the local market: while the home itself is newer, the lot size is more characteristic of older neighbourhoods, offering a blend of modern living with traditional outdoor space. Its value metrics suggest it’s a solid, middle-of-the-road property in its immediate area, not over-improved, which can be a stable choice.

Section 2: Frequently Asked Questions

1. How does the age of this home compare to others nearby?
Built in 2014, this is one of the newer homes on its street and in the broader Inkster Gardens area, where the average home is decades older. This is a significant advantage in terms of modern infrastructure and likely lower maintenance.

2. Is the lot size a practical advantage?
Yes. At over 5,400 sqft, the lot is larger than most in the immediate vicinity. This allows more room for gardening, play, parking, or future additions like a shed or deck, which is uncommon for homes of this vintage.

3. What does the "renovated basement" imply?
While specific finishes aren’t detailed, this indicates the basement is finished as living space, not raw storage. It immediately adds functional square footage for a rec room, home office, or additional bedrooms, enhancing the home’s utility.

4. How stable has the property's value been?
Based on available data, its assessed value is consistent with neighbourhood averages. The last recorded sale was in 2019, and its current assessment suggests its value has moved in step with the local market rather than experiencing volatile swings.

5. Who would this property not suit?
It may not suit buyers seeking a historic character home, a brand-new build, or premium, high-end finishes. It’s a practical, grounded property best for those valuing space, modernity, and neighbourhood stability over luxury or cutting-edge design.