Property Summary: 2579 King Edward Street, Winnipeg
Key Characteristics & Appeal
This well-situated home in Inkster Gardens presents a compelling blend of modern convenience and solid value. Built in 2006, it is a notably newer construction compared to most homes on its street and across Winnipeg, suggesting fewer immediate concerns with aging infrastructure. The 1,302 sqft living area is spacious for the immediate area, ranking in the top 5% on King Edward Street. It features a renovated basement and an attached garage.
The primary appeal lies in its standout assessed value of $45,800, which is exceptionally high for the street (top 2%) and strong for the wider city. This indicates a very favorable municipal valuation relative to its neighbours, which can be a point of financial advantage. The home suits practical buyers looking for a move-in-ready, modern property without a premium price tag. It’s ideal for first-time homeowners or small families who value space and newer builds, but who are also financially astute and recognize the benefit of a high assessment in a more affordable neighbourhood. A thoughtful perspective is that this property offers the perks of a newer home (like modern layouts and efficient systems) within an established community, providing a balance of low-maintenance living and neighbourhood maturity.
Frequently Asked Questions
1. Why is the assessed value so high compared to the recent sold price?
The home’s municipal assessed value ($45,800) is in the top 2% for its street, far above the local average. This can reflect recent renovations, the home’s newer age, and its above-average living area for the location. It’s important to note that assessed value is for tax purposes and market sale price is determined by current buyer demand.
2. What does the "Elite" or "Top 5%" ranking for living area mean?
This means that, specifically on King Edward Street, this home’s interior square footage is larger than 95% of comparable properties. It offers more space than is typical for the immediate vicinity, which is a significant advantage on this particular street.
3. Is the land size a drawback?
The 4,088 sqft lot is below the Winnipeg citywide average but is fairly typical for the Inkster Gardens neighbourhood. It represents a lower-maintenance yard, which appeals to buyers seeking a manageable outdoor space without extensive upkeep.
4. How can I find out the exact historical sale price?
The provided sold price is a range based on public data. For the precise sale figure, you can use the email request feature on the listing page. The service is manual but committed to providing the accurate number without using your email for marketing.
5. What is the significance of the home being built in 2006?
In a city where many homes are decades older, a 2006 build is a relative rarity. This suggests construction methods and materials that meet more modern standards, potentially leading to better energy efficiency, updated electrical systems, and less likelihood of major near-term repairs compared to much older stock.