Property Overview: 210 Inglewood Street
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1918, offers a classic footprint with 1,041 sqft of living space and a full, unrenovated basement. It sits on a 3,361 sqft lot with no garage or pool. The data reveals a nuanced picture: its living space is notably above average for both its immediate street and the broader King Edward neighbourhood, offering more room than many comparable homes. However, its assessed value is significantly below average across all comparisons, suggesting a potentially lower entry point in a market where value is often tied to land and location.
The primary appeal lies in this value proposition. It represents an opportunity for a buyer comfortable with a home of vintage character (and the maintenance that may entail) to secure above-average interior space in an established neighbourhood at a below-average price point. It would suit a practical first-time buyer, an investor looking for a hold property, or a hands-on owner who sees potential in the existing structure and basement, viewing the lack of prior renovations as a blank canvas rather than a drawback. A less obvious perspective is that its lower assessed value, while often flagged as a negative, could provide relative insulation from sharp property tax increases compared to rapidly appreciating areas.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed values are based on mass appraisal models considering factors like age, size, location, and recent sales. This home’s age, specific location within the city, and likely condition contribute to an assessment that is typical for its immediate area but well below the average for newer or differently situated Winnipeg homes.
2. What does "above average" living area mean for this home?
It means that compared to similar homes on Inglewood Street and in the King Edward neighbourhood, this house offers more interior space. With 1,041 sqft, it ranks in the top 29% for living area locally, providing more room than many of its direct peers.
3. Is the unrenovated basement a major concern?
It depends on your goals. It presents both a consideration and an opportunity. It will require inspection for moisture, foundation integrity, and systems. For a buyer seeking a move-in-ready home, it’s a project. For a buyer planning renovations or needing raw storage/utility space, it’s a neutral factor that hasn’t been factored into a premium price.
4. The home sold in late 2020. How is that price relevant today?
The sold price from 2020 (shown as a range) provides historical context for the property’s trajectory. It is not an indicator of current market value, which is influenced by conditions in 2025. It’s most useful for understanding past market activity on the street.
5. Who would this property NOT be suitable for?
It would likely not suit buyers seeking a modern, low-maintenance, or turn-key property, or those requiring garage parking. The data also suggests that buyers prioritizing a high-assessment asset for equity-driven growth, or a large city-standard lot, might find better options elsewhere.