Property Overview: 2571 King Edward Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Inkster Gardens is a practical and modern offering, built in 2006. Its key appeal lies in its balance of recent construction and notable value. With 1,030 sqft of living space and a renovated basement, it provides functional, move-in-ready space. The attached garage is a practical asset for Winnipeg winters.
The home’s standout characteristic is its financial profile. It holds an assessed value that ranks in the top 10% on its own street, suggesting it is a well-maintained or improved property relative to its immediate neighbours, many of which are older. This, combined with its recent sale price history, indicates it sits in an affordable segment of the market. The lot is modest in size compared to area and city averages, which translates to less yard maintenance—a plus for some buyers.
This property would suit first-time homebuyers seeking a modern, low-maintenance home without a hefty price tag, or investors looking for a relatively new rental property with stable fundamentals. Its above-average condition for the street offers a sense of pride of place, while the smaller lot and functional layout appeal to those prioritizing efficiency and interior living space over extensive outdoor areas.
Section 2: Frequently Asked Questions
1. How does the home’s value compare?
The assessed value of $40,400 is significantly above the street average, ranking in the top 10% of King Edward Street. This suggests the property is in better condition or has more features than many neighbouring homes. City-wide, its assessment is around the average mark.
2. Is the house unusually small?
At 1,030 sqft, the living area is actually above average for King Edward Street. However, it is below the average for both the broader Inkster Gardens neighbourhood and the city overall, indicating it’s a more compact, efficient home in a neighbourhood of typically larger houses.
3. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand if it’s a finished living space, a recreational room, or has separate entrance potential.
4. What is the neighbourhood like for a home built in 2006?
The home is newer than most on its street, where the average build year is 1957. This means you benefit from modern construction in an established neighbourhood, but the surrounding homes and overall streetscape will reflect an older community character.
5. Why is the lot size below average?
The land area is 3,699 sqft, which is smaller than many lots in the area. This is not uncommon for infill properties or newer subdivisions. The trade-off is less yard upkeep, and it may mean the home’s footprint or driveway utilizes more of the property.