Property Overview: 74 Park Springs Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Inkster Gardens is a study in contrasts, offering a modern structure on a quiet street with a value proposition that stands out in different contexts. Built in 2017, it is a notably newer home compared to the Winnipeg average, offering contemporary construction and minimal upkeep concerns from age. With 1,500 sqft of living space, it provides ample room and is larger than many city-wide homes, though it is one of the more modest properties on its own desirable street of larger homes.

Its primary appeal lies in its assessed value positioning. While it sits below the average for its immediate street, it is assessed well above average for the broader Inkster Gardens area and city-wide, suggesting a strong underlying value for the neighbourhood. This creates a unique opportunity: the chance to own a modern, low-maintenance home on a established street, potentially without the premium price tag of its larger neighbours. The attached garage and full (though unrenovated) basement add practical utility.

This property would suit a buyer looking for move-in-ready simplicity in a mature area, such as downsizers, first-time buyers seeking space, or those who prefer newer mechanical systems and architecture. It’s a pragmatic choice for someone who values a modern home but doesn’t require the largest footprint on the block.

Section 2: Frequently Asked Questions

1. Is this a good value for the area?
The data suggests it is. While it’s one of the smaller and lower-assessed homes on Park Springs Bay itself, its assessment is significantly higher than the Inkster Gardens average. This indicates you’re buying into a well-regarded micro-location, but potentially at a more accessible point of entry.

2. What does the "unrenovated basement" mean?
It indicates the basement is finished but has not been recently updated. It’s functional space, but buyers should view it as a blank canvas that may reflect an older style or require cosmetic updates, as opposed to a newly modernized area.

3. How does the lot size affect the property?
At 5,484 sqft, the lot is smaller than others on the street but is still above average for Inkster Gardens. This typically means less yard maintenance than a larger lot, but also potentially less private outdoor space than some immediate neighbours.

4. The home sold in 2017. What does that history tell me?
The initial sale was likely from the builder. The stable ownership since then, without frequent resales, can suggest the street is one of settled residents, which often contributes to neighbourhood consistency.

5. Why is there a range for the past sold price instead of an exact figure?
Exact sale prices in Manitoba are not publicly available in online databases. The provided range is estimated from public data. For the precise historical sale price, you must request it directly from the listing service, which they provide manually via email.