Property Overview: 2699 King Edward Street, Winnipeg
Key Characteristics & Appeal
This one-storey home in Inkster Gardens is a practical and modern offering. Built in 2008, it is notably newer than most homes in its immediate neighborhood and across Winnipeg, suggesting fewer immediate concerns with aging components. The 1,022 sqft living space is compact but efficiently sized for its area, and it features a renovated basement and an attached garage. Its assessed value is strong for the specific street, indicating it is viewed favorably relative to its closest neighbors.
The primary appeal lies in its modern foundation within an established area. It suits first-time buyers or downsizers seeking a low-maintenance, move-in-ready home without the premium of a brand-new build. It also represents a sensible choice for value-focused investors or homeowners who prioritize newer mechanical systems and building codes over square footage. A thoughtful perspective is that while the lot is smaller than area averages, this translates to less yard upkeep, aligning perfectly with a lock-and-leave or simplified lifestyle.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value ranks above average for King Edward Street itself but is around average for the broader Inkster Gardens neighborhood. This suggests it is a solid, well-regarded property on its specific block.
2. What are the main advantages of the build year?
Constructed in 2008, the home benefits from modern building standards, materials, and energy efficiency codes. This often means updated electrical, plumbing, and insulation compared to much of the city’s older housing stock, potentially lowering maintenance costs.
3. Is the living space smaller than average?
Yes. At 1,022 sqft, the living area is below the average for both the Inkster Gardens neighborhood and the city overall. This emphasizes a efficient use of space and would best suit those comfortable with a cozy footprint.
4. What does the sold price history indicate?
Public records show it last sold in early 2019 for an estimated range of $34.5k to $37.5k. The current assessed value of $40.10k has appreciated since then. For an exact historical sold price, you can request the information via email from the source.
5. Who might this property not suit?
Buyers prioritizing large interior spaces, extensive yard size, or seeking a home significantly below average assessed value for investment might find other options more suitable. It’s geared toward those who value modern construction and simplicity over sheer size.