Property Overview: 16 Platt Street, Winnipeg

Key Characteristics & Appeal

This property at 16 Platt Street is situated in the North Inkster Industrial area and presents a distinct value profile. Its most notable characteristic is its assessed value of $170k, which is significantly below average when compared to other homes on its street, in its neighbourhood, and across Winnipeg. This positions it as an entry-point opportunity in a newer, developing area. The land size of 4,179 sq ft is consistent with the local averages for Platt Street and North Inkster Industrial. While specific details on the year built and living area are not provided in the available data, the context suggests the home is in an area with relatively new construction compared to the city-wide average. The appeal lies in its affordability within a modern industrial-area neighbourhood, potentially offering a lower cost of entry for a land parcel or newer-build structure. This property would likely suit a value-focused buyer, such as an investor looking for a base in an industrial zone, or a first-time owner seeking to enter the market with a modest assessment footprint, understanding that potential exists below typical area prices.

Frequently Asked Questions

1. Why is the assessed value so much lower than neighbouring properties?
The assessed value is notably below local averages. This can be due to several factors, including a smaller or more basic structure, specific property conditions, or its particular use classification within the industrial area. Requesting the full transaction history and exact figures is recommended for a clear understanding.

2. What is the neighbourhood like, being an "Industrial" area?
North Inkster Industrial is a newer area, as indicated by its higher average year-built compared to the rest of the city. Buyers should consider the typical sights, sounds, and traffic associated with an industrial zone, which may differ from a purely residential community.

3. How can I find out the exact square footage and year built?
This specific data is not displayed in the current summary. You can request exact figures and a full property history by email through the site's manual lookup service to get verified details.

4. Are there any recent sales prices available for this home?
No sales history is shown for this listing. To obtain verified past sale prices, you need to request a manual lookup via email, as this system does not include MLS sales records.

5. The "rankings" show a rank of 13 out of 12 on Platt Street. What does that mean?
This indicates that the property's assessed value is the lowest (or one of the lowest) on the street. Since it is below the average, it falls outside the main ranking group, essentially showing it is an outlier at the bottom of the value range for that specific street.