Property Overview
This one-storey home at 2655 King Edward Street in Inkster Gardens is a study in practical, modern living within a well-established Winnipeg neighbourhood. Built in 2009, it is a notably newer construction compared to many homes on its street and in the wider city. With 1,030 sqft of living space, a renovated basement, and an attached garage, it offers a low-maintenance, move-in-ready layout. Its standout characteristic is its exceptionally high assessed value relative to its immediate street—ranking in the top 5%—which suggests it is a premium property in its local context. The lot is modest at 3,791 sqft, prioritizing a manageable yard over expansive outdoor space.
The appeal lies in its balance of contemporary convenience and community stability. It suits first-time buyers seeking a modern home without a hefty price tag typical of new builds, or downsizers looking for a single-level layout with recent updates and minimal upkeep. A thoughtful perspective is that this property represents a "value anchor" on its block; its strong assessment could indicate a positive influence on surrounding property values or reflect superior upgrades. It’s a home for someone who prioritizes interior condition and modern systems over a large lot or neighbourhood-wide prestige.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold in May 2022 for an estimated $48.5k–$51.5k, which was significantly higher than the street average at the time. Its current assessed value of $41.7k continues to rank in the elite tier for King Edward Street, indicating consistent valuation strength in its immediate area.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, ceiling height, permits, and whether it includes a secondary living space, bedroom, or simply updated finishes.
3. Is the lot size a limitation?
At 3,791 sqft, the lot is below average for both Inkster Gardens and Winnipeg overall. This means less yard maintenance but also limited space for expansions, large gardens, or extensive outdoor recreation. It aligns with a low-maintenance lifestyle.
4. How does this home compare to others in Inkster Gardens?
While its living area and lot size are below the neighbourhood average, it is significantly newer than most. Its assessed value is around the neighbourhood median, suggesting you are paying for the modern build and updates rather than sheer size.
5. Why is there a range for past sold prices, and how can I get the exact figure?
Sold price ranges are derived from public data. The listing service offers to provide the exact sale price via email upon request, as they manually verify this information to ensure accuracy.