Property Overview: 212 Inglewood Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1918, presents a classic character property with notable space in its King Edward neighbourhood. Its primary appeal lies in its generous 1,418 sqft living area, which ranks within the top 3% of homes on Inglewood Street and the top 5% within the broader King Edward area. This suggests a home with more interior room than many of its immediate peers. The property sits on a standard 3,360 sqft lot.
A key perspective is the significant discrepancy between its size and its official assessed value ($19,500), which is below average for the street, neighbourhood, and city. This, coupled with the note of an unrenovated basement, indicates a home that is likely priced for its condition rather than its potential square footage. It last sold in late 2019 for an estimated $17,500-$20,500.
This property would suit a value-conscious buyer looking for a spacious character home in a central neighbourhood, who is prepared to take on updates or renovations. It’s a practical canvas for a hands-on owner, offering more room to grow into than many similarly priced listings, rather than a turn-key solution.
Section 2: Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for older Winnipeg homes. It typically features a full main floor and a second floor where the roofline slopes inward, creating some rooms with full-height walls and others with sloped ceilings or dormer windows, offering unique character.
2. Why is the assessed value so much lower than typical city homes?
The assessed value is for taxation purposes and is influenced heavily by the home’s condition, age, and recent sale prices in its specific area. A below-average assessment for the neighbourhood, as seen here, often reflects a property in need of modernization relative to others nearby.
3. The living area is large for the area, but the basement is "not renovated." What should I expect?
This typically means the basement is in original or utilitarian condition. It likely has functional space for laundry and storage but would require investment to become a finished living area. This is a key factor in the home’s valuation and represents both a current limitation and a future opportunity.
4. How does the 2019 sale price relate to today’s value?
The 2019 sale price provides a historical benchmark, but market conditions have evolved. It primarily confirms the home’s position as a lower-priced entry in the market. Current value will depend on market trends, any changes made to the property since, and its condition today.
5. There’s no garage. What are parking options?
The listing indicates no garage. In this neighbourhood, parking is typically via on-street permit. Buyers should verify the specific requirements and availability with the city, as this is a common consideration for older, central Winnipeg homes.