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Rank by area, larger = better rank
Rank by year, newer = better rank
Property Overview
This 1,420 sqft home, built in 2016, presents a notably modern option within Winnipeg’s Mynarski neighbourhood. Its primary appeal lies in its relative newness compared to most area housing stock, offering a move-in-ready condition that avoids the immediate maintenance or renovation projects common with older properties. The home ranks exceptionally high for its age and size within its immediate street and broader neighbourhood, indicating it stands out as a larger, more contemporary dwelling in the area.
It would suit a practical, value-conscious buyer looking for modern construction without a premium price tag, possibly a first-time homeowner or an investor. The very low assessed value suggests potentially manageable property taxes, a key detail for budget-focused purchasers. However, the absence of a basement and garage are significant trade-offs for the modern build, appealing to those who prioritize simple, above-ground living space over storage or workshop areas. It represents a specific proposition: a newer, low-maintenance home where the compromise is made in ancillary space rather than the core living area.
Frequently Asked Questions
1. Why is the assessed value so much lower than similar-sized homes?
Assessment is based on multiple factors including location, property type, and market trends. While the living area is generous, the lack of a basement and garage, combined with its specific location within the market, typically results in a lower assessed value than a fully detached home with ancillary spaces.
2. What does "No Basement" mean for storage and utilities?
All living space is on the main levels. Utilities like the furnace and water heater will be in a ground-floor closet or utility room. Buyers should plan for creative storage solutions or the use of a shed, as there is no below-ground storage area.
3. The home is newer, but how does it fit into an older neighbourhood?
Built in 2016, it is one of the newest homes in the area. This can mean fewer immediate repairs and modern building materials, but it’s important to walk the street and neighbourhood to ensure the setting meets your lifestyle expectations.
4. The sales history shows it sold for $20,000 in 2020. Does that reflect its market value?
No, that transaction price is not indicative of current market value. Such a sale often represents a non-arms-length transfer, such as between family members or as part of a title reorganization, and does not reflect a true open-market sale price.
5. Who would this property not suit?
It may not suit buyers who require significant storage, a garage for vehicles or projects, or who desire the character and lot size often found in the area's older, detached homes. It’s a fit for those prioritizing modern construction above other traditional home features.
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