Property Overview

This two-storey home at 49 Prairie Spring Bay in Inkster Gardens presents a compelling opportunity in Winnipeg's newer neighbourhoods. Built in 2018, it sits on a large 5,717 sqft lot and features a generous 2,392 sqft of living space, a renovated basement, and an attached garage.

The appeal lies in its modern build combined with established community maturity. Key statistics reveal its standout nature: it ranks in the top 4-5% of its immediate street and neighbourhood for both lot size and living area, and it sits in the top 3% city-wide for its current assessed value of $730k. A less obvious perspective is the value of its 2018 build date—it’s past the initial settling-in phase of a brand-new home, yet it’s modern enough to avoid major near-term repairs, offering a practical balance. Its last sale in April 2022 was for $820k, providing a clear recent market benchmark.

This property would best suit buyers looking for a spacious, move-in-ready family home in a developing area, who appreciate quantifiable metrics showing their home is a top-tier property within its local context. It’s also a sensible fit for those who want modern amenities without being the first owner, and who see value in a home that has already demonstrated significant assessed value growth in a short period.

Frequently Asked Questions

1. How does the assessed value compare to the last sale price?
The home was last sold in April 2022 for $820,000. The current assessed value is $730,000. It’s important to consult with a real estate professional to understand current market conditions, as assessed values for taxation purposes don't always equal market value.

2. What does the ranking data (e.g., "Top 4% in street") actually mean?
These rankings compare this specific property against all listed homes on the same street, in the Inkster Gardens neighbourhood, and across Winnipeg for metrics like size and value. For example, ranking in the top 4% for living area on its street means it is larger than 96% of its direct neighbours, highlighting its above-average size.

3. Is the basement development included in the listed living area?
Typically, municipal living area (sqft) calculations do not include below-grade spaces, even if they are finished. The 2,392 sqft listed is likely the above-grade total. The "renovated basement" is a valuable additional feature not reflected in that primary square footage number.

4. The home is only 8 years old. Why would the basement already be renovated?
This is not uncommon in newer builds. The renovation likely represents a customization by the previous owner, such as adding a recreational room, additional bedroom, or home office, which enhances the home's functionality and appeal beyond its original builder grade.

5. What is the significance of the large lot size?
At 5,717 sqft, the lot is substantially larger than many in newer subdivisions. This offers greater outdoor privacy, space for gardening or play, and future potential for additions like a deck or shed, which can be a rare find in modern developments.