Property Overview
This 2017-built bi-level home at 9-1171 Fife Street in Winnipeg's Inkster Industrial Park offers a practical, low-maintenance living option. With 912 sqft of living space and a renovated basement, it presents a modern interior within a compact footprint. The home sits on a 3,153 sqft lot, which is notably above average for its immediate neighbourhood. Its assessed value of $35.9k is stable and competitive for the area.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of modern construction and affordability. As a 2017 build, it is significantly newer than the Winnipeg city-wide average, suggesting contemporary building standards and less immediate concern for major repairs. The renovated basement adds functional living space. Its standout feature locally is the land area, which is larger than most neighbouring lots in Inkster Industrial Park, offering a relative sense of space.
This home would suit first-time buyers or investors seeking an entry point into the market with a newer, turn-key property. It’s also a practical fit for those who prioritize efficient, easy-to-maintain living without the upkeep of an older home or a large yard. The industrial park location suggests proximity to employment and major transportation routes, which could appeal to commuters or those working nearby.
Frequently Asked Questions
1. What does the assessed value tell me about the property taxes?
The assessed value of $35,900 is used to calculate your property taxes. While this value is low compared to city-wide averages, providing a tax advantage, always confirm the exact mill rate with the city for an accurate annual estimate.
2. How does the "renovated basement" impact the living space?
The 912 sqft living area likely includes the main floor. The renovated basement adds additional functional space, but it's important to clarify if it is a legal suite or simply finished living area, as this affects value, insurance, and potential rental income.
3. The home is in an "Industrial Park." What should I know about the area?
The Inkster Industrial Park location means proximity to businesses, warehouses, and transport routes. This can mean convenient access for work but also potentially more commercial traffic, noise, and different neighbourhood character compared to a purely residential zone.
4. The home sold in 2017 for roughly $25.5k-$28.5k. What does that mean for today's price?
The 2017 sale price reflects the initial purchase of a newly built home. The current assessed value of $35.9k indicates appreciation since then. Market conditions and improvements (like the basement renovation) will influence the current listing price, which would be set above both these figures.
5. The lot is larger than others in the area. Why is that significant?
A larger lot (3,153 sqft) in a neighbourhood of smaller properties provides a relative advantage. It may allow for more private outdoor space, better parking, or future expansion potential (subject to zoning), which are valuable in a more compact, industrially-zoned area.