Property Overview: 2527 King Edward Street, Inkster Gardens, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home, built in 2005, presents a practical and modern living option within Winnipeg’s Inkster Gardens neighborhood. Its key appeal lies in its balance of contemporary build age and manageable scale. With 808 sqft of living space and a renovated basement, it offers efficient, low-maintenance living without the concerns common to much older homes.
The property’s standout characteristic is its strong assessed value relative to its immediate street, ranking in the top 19% on King Edward Street. This suggests it is viewed favorably compared to its closest neighbors, many of which are notably older. The attached garage adds everyday convenience.
This home would best suit first-time buyers, downsizers, or pragmatic investors seeking a modern, entry-level property. Its below-average living area for the city and neighborhood means it’s not for those needing ample space, but ideal for those prioritizing a newer build, simplicity, and a solid foundation in a value-conscious market. A thoughtful perspective is that this property represents a “right-sized” home: it offers the benefits of 21st-century construction (like modern wiring and insulation) in a modest package, potentially translating to lower utility and upkeep costs compared to the area’s older, larger average homes.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to the area?
The living area is below average for both the Inkster Gardens neighborhood and the city overall. This is a compact, efficient layout suited for individuals, couples, or small families.
2. Why is the assessed value high for the street?
The home ranks in the top 19% for assessed value on its street. This is likely due to its relatively new construction year (2005) compared to the street’s average home built in 1957, along with features like the renovated basement.
3. What is the lot size like?
The land area is approximately 3,698 sqft. This is below average for the city but fairly typical for the immediate area, representing a standard urban lot with manageable yard maintenance.
4. What was the last known sale price?
Public data indicates a sale in July 2022 in the range of $435,000 to $465,000. An exact sale price can be provided upon request.
5. What type of properties are considered comparable?
The listing shows comparable properties are primarily in neighborhoods like Elmhurst and Varsity View, based on a similar assessed value of around $380k. This can help in understanding the home’s positioning in the broader Winnipeg market.