Property Overview: 2723 King Edward Street, Winnipeg
Key Characteristics & Appeal
This one-storey home in Inkster Gardens presents a practical and modern living opportunity. Built in 2009, it is a notably newer construction compared to many homes on its street and across Winnipeg, suggesting updated building systems and less immediate need for major repairs. With 1,027 sqft of living space and a renovated basement, it offers efficient, single-level living with expanded usable space. The attached garage is a valuable convenience for the climate.
The home’s primary appeal lies in its balance of modernity and value. Its assessed value ranks significantly above average for King Edward Street, indicating it is perceived as a higher-quality asset within its immediate locale. This creates an interesting dynamic: you're acquiring one of the newer and more favorably assessed homes on the block, which can be a strategic advantage. The property suits first-time homebuyers seeking a move-in-ready, low-maintenance home, or downsizers looking for single-level convenience without the premium often attached to brand-new builds. Its value proposition is strongest for those who prioritize the condition and systems of a home over having a larger lot, as the land area is more compact compared to area averages.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is well above the average for King Edward Street itself, but aligns more closely with the averages for the wider Inkster Gardens neighborhood and the city. This suggests it is a premium property on its specific street.
2. 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 listing agent to understand if it’s a finished recreational space, contains additional bedrooms, or serves another purpose.
3. Is the lot size a limitation?
At 3,548 sqft, the lot is smaller than many in the area. This means lower exterior maintenance but also less private outdoor space. It’s ideal for those who prefer a manageable yard but may not suit those wanting extensive gardening or large outdoor entertaining areas.
4. Why is the year built a significant point?
A 2009 build date means major components like the roof, windows, furnace, and electrical system are likely still within their typical lifespans. This can provide peace of mind and potentially reduce near-term capital costs compared to an older home.
5. Where can I find exact historical sold prices?
The exact sold price history is not publicly displayed. The site provides estimated sale ranges and offers to send the precise data via email upon request, which is a common practice to verify visitor interest.