Property Overview: 137 Indra Crescent, Winnipeg

Key Characteristics & Buyer Profile

This property at 137 Indra Crescent in the North Inkster Industrial area presents a distinct value proposition. Its most defining characteristic is its significantly below-average assessed value of $134k, which places it well under averages for its street, neighborhood, and the wider Winnipeg market. The lot size is also notably smaller than surrounding norms. While specific details on the home's living area and year built are not provided in the public data, the context suggests this is a more modest entry within a newer, developing area, as indicated by the relatively recent average build years of nearby homes.

The primary appeal lies in its position as a low-barrier entry point into the Winnipeg housing market. It suits first-time buyers or investors seeking a foothold with a minimal initial assessment and tax burden. A thoughtful perspective is that this could represent a strategic play for someone betting on the area's future growth, as the newer construction on the street suggests ongoing development. However, it requires a buyer comfortable with a property that currently sits at the absolute bottom percentile for key metrics like value and land size compared to its immediate peers.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
The assessed value is a municipal valuation for tax purposes and is significantly below averages for the area. This can be due to a combination of factors including the smaller lot size, potentially more modest improvements, or the specific timing of the assessment relative to recent development.

2. How can I find out the actual sale history and exact past prices?
The public data does not show a detailed transaction history. You can request a manual lookup by email via the "Request exact figures by email" button on the listing page. The service will provide the most accurate available information directly to you.

3. What does the ranking (e.g., 36 out of 35) actually mean?
Rankings like "#36 out of 35" indicate the property falls below the entire peer group used for comparison. Essentially, it is in the 100th percentile, meaning all comparable properties in that scope (street, neighborhood, or city) rank above it for that specific metric.

4. The nearby homes on Cheema Drive and newer builds on Indra Crescent have much higher values. What does this imply?
It highlights that this specific property is an outlier within its immediate area. The neighborhood features newer, larger, and higher-valued homes, suggesting 137 Indra Crescent may be one of the original or more basic properties in a transitioning, developing sector.

5. Is the data provided from the MLS?
No. The sold price data is compiled from publicly available sources and is not sourced from the MLS® System. While considered reasonably reliable, full verification requires requesting the manual lookup service for exact figures and a complete history.