Property Summary: 5-1171 Fife Street, Winnipeg
Section 1: Overview & Appeal
This is a 2017-built bi-level home in the Inkster Industrial Park area, offering a modern foundation in a practical location. With 912 sqft of living space and an unrenovated basement, it presents a straightforward, low-maintenance living option. Its key appeal lies in its relative newness—it’s significantly newer than the average Winnipeg home—which suggests modern building standards and fewer immediate major repair concerns. The lot is compact at just over 3,000 sqft, emphasizing a manageable outdoor space.
This property would suit a first-time buyer or an investor looking for a modern, no-frills property that doesn’t require the extensive updates common in older homes. It’s also a practical fit for someone who values the lower upkeep of a newer build and a smaller yard, even if it means less interior space than the citywide average. The assessed value positions it as a mid-range option within its immediate neighborhood, offering a balance between modern construction and affordability in the Winnipeg market.
Section 2: Frequently Asked Questions
1. Is this a good value for the area?
Based on the data, its assessed value is around average for the city and its street, but below average within the specific Inkster Industrial Park area. This suggests it may be priced competitively within the immediate neighborhood context.
2. What are the pros and cons of the lot size?
The lot is below average in size both for the street and citywide. The pro is minimal yard maintenance. The con is limited private outdoor space and less potential for expansions like a large garage or addition.
3. How does the home’s age compare to others?
Built in 2017, it is a notably newer home. It ranks in the top 5% citywide for year built, meaning it’s much newer than most Winnipeg homes. On its street and in the local area, however, it’s closer to the average.
4. What does “basement, not renovated” imply?
It indicates the lower level is unfinished or in a basic, utilitarian state. This is common in newer bi-levels and represents both a cost-saving feature on purchase and a potential future project to add living space.
5. The last recorded sale was in 2016 for a much lower price. Why?
The 2016 sale likely occurred before the current home was built on the lot. The price reflects the land value or a previous structure, not the existing 2017 house. For the exact sale price of the current home, you would need to request that information directly.