Property Overview
This 2017-built bi-level home at 7-1171 Fife Street in Winnipeg's Inkster Industrial Park is a compact, modern property with a practical layout. Its key appeal lies in its relative newness compared to much of the city's housing stock, offering a move-in-ready foundation with minimal immediate maintenance concerns. The home features a 912 sqft living area, a detached garage, and an unrenovated basement that presents a blank canvas for future expansion.
Key Characteristics & Ideal Buyer
The home’s standout characteristic is its age. Built in 2017, it ranks in the top 5% citywide for being newer, which is a significant advantage in a market with many older homes. This translates to modern building standards, newer major systems, and less worry about near-term costly repairs. With a living area that is above average for the immediate Inkster Industrial Park area, it offers efficient use of space.
Its appeal is grounded in practicality and affordability. The assessed value (~$35k) is consistently around the average for its street, neighborhood, and even citywide, suggesting a stable, fair-market entry point. The detached garage adds functional value for storage or vehicle protection. The lot, while smaller than the city average, is manageable and low-maintenance.
This property would best suit a first-time homebuyer, an investor looking for a modern rental property, or someone seeking a straightforward, no-fuss home in an industrial-adjacent area. It’s for those who prioritize a newer build and functional layout over square footage or a residential-only streetscape. The unrenovated basement is a notable feature for a buyer who views it as potential future living space rather than a drawback.
Frequently Asked Questions
1. What does the "Top X%" ranking mean for the year built?
It means this 2017-built home is newer than approximately 95% of all comparable homes across Winnipeg, placing it in an elite category for age and likely implying more modern construction and systems.
2. The basement is listed as "not renovated." What should I expect?
Expect a basic, unfinished space. It presents both a cost-saving advantage (you’re not paying a premium for a finished basement) and an opportunity to customize the space to your needs and budget in the future.
3. How does the living area compare to nearby homes?
At 912 sqft, it's actually above the neighborhood average (919 sqft) for Inkster Industrial Park, making it a competitively sized home in its immediate area, though smaller than the broader Winnipeg average.
4. Is the assessed value a good indicator of the selling price?
The assessed value is for municipal tax purposes and is typically lower than market value. However, its consistency—being around the average for the street, area, and city—suggests the property is priced in line with its broader market context.
5. What are the implications of being in an "Industrial Park" neighborhood?
This typically means a mix of residential and light industrial/commercial properties. It can offer affordability and convenience but may differ in character, traffic patterns, and ambiance from purely residential subdivisions. It's advisable to visit at different times to assess the environment.