222 Inglewood Street

Property Overview: 222 Inglewood Street, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home in King Edward presents a classic Winnipeg character property built in 1918. Its key appeal lies in offering above-average interior space (1,134 sq ft) for its immediate area and street, ranking within the top 20% locally. The lot size (3,780 sq ft) is also generous for the neighbourhood, providing good outdoor space. Notably, the home’s assessed value is significantly below both local and city-wide averages, suggesting potential value relative to its footprint and location.

The property suits practical, value-oriented buyers. It’s ideal for someone seeking a character home with room to grow or customize, as the basement is noted as unrenovated and there is no garage. It fits a buyer comfortable with a project, whether that’s making gradual updates or appreciating the home for its spacious layout and larger lot without the premium price tag of a fully modernized property. The low assessment may also appeal to investors or buyers with a long-term view, seeing beyond current condition to underlying value.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city average?
Assessed value is for municipal tax purposes and is influenced by many factors, including the home’s condition, specific location, and recent sales in the area. A value well below averages often reflects the unrenovated state of the property, which presents an opportunity for buyers to add value through updates.

2. What does "one-and-a-half storey" mean for this home?
This style typically features a main floor with principal rooms and a second floor under sloping roof lines, often creating cozy bedrooms with character. It’s a common design for Winnipeg homes of this era and can offer efficient use of space.

3. Is the lack of a garage a major drawback?
For some buyers, yes. However, the larger-than-average lot for the area could provide space to add a garage or shed in the future, subject to local bylaws. Many homes in older neighbourhoods lack garages, with on-street parking being the norm.

4. How does the living area compare to nearby homes?
The living area is a standout feature. It ranks in the top 17% on its own street and top 20% in the King Edward neighbourhood, meaning it offers more interior space than most comparable local properties, which is a significant advantage.

5. The home is over 100 years old. What should I consider?
While offering charm and established neighbourhoods, a century-old home will likely require diligent maintenance. Key considerations are the condition of major systems (roof, wiring, plumbing, foundation) and the insulation. The unrenovated basement should be inspected thoroughly to understand any needed repairs or moisture management.