Property Overview
This one-storey home in Inkster Gardens presents a practical and modern living opportunity. Built in 2008, it is notably newer than most homes in its immediate area and across Winnipeg. Its key appeal lies in this contemporary foundation, paired with a renovated basement, offering move-in-ready space. The attached garage adds everyday convenience.
The home’s statistics reveal an interesting profile: while its living and land area are modest compared to broader city averages, its assessed value is strong for the street, suggesting it is a well-maintained and updated property within its neighborhood context. This combination makes it particularly suited for first-time homebuyers, downsizers, or investors seeking a modern, low-maintenance property without the concerns of an older home’s major systems. It’s a practical choice for those who value a newer build and functional updates over sheer square footage.
Frequently Asked Questions
1. How does this home’s size compare to others?
At just over 1,000 sqft of living space, the home is slightly above average for King Edward Street but below the average for both the Inkster Gardens area and Winnipeg overall. It’s a compact, efficient layout.
2. Why is the assessed value relatively high for the street?
The assessed value ranks in the top 7% on King Edward Street. This is likely due to the home’s newer age (2008) and the renovated basement, which add significant value compared to older, unrenovated homes on the same block.
3. What does the sold price history indicate?
The home sold in 2021 for an estimated range of $41.5k to $44.5k. This historical price, significantly lower than the current assessed value, reflects the rapid market changes of recent years and should be considered a baseline, not a current valuation.
4. Is the lot size a limitation?
The land area is under 3,700 sqft, which is smaller than many city lots. This means lower maintenance but also less private outdoor space. It’s a trade-off that suits those looking for a manageable yard.
5. Who would this property not suit?
It may not be ideal for buyers needing substantial indoor living space or a large yard for gardening or recreation. Its strengths are in its modern construction and updates, not in its footprint.