Property Overview: 229 Inglewood Street
This one-storey home in Winnipeg's King Edward neighbourhood presents a practical opportunity. Built in 1912, its 774 sqft living area is compact, but the property stands out for its larger-than-average lot size of 3,782 sqft for the immediate street. The home features a renovated basement, and its assessed value positions it as an around-average property within the local context. Recent sale data from late 2023 indicates activity in a modest price range.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of a manageable, updated living space and a generous lot for the area. While the home itself is smaller and older than many in the city, it sits on a parcel of land that ranks well above average for Inglewood Street. This combination suggests potential for comfortable living with valuable outdoor space or future expansion, all within a stable, established neighbourhood. The renovated basement adds functional living area.
This home would suit a first-time buyer seeking an entry point into homeownership without a massive footprint, or a pragmatic investor looking for a character property with a strong land component. It’s for someone who values lot size over sheer interior square footage and is comfortable with the nuances of an older home. A less obvious perspective is that its "around average" metrics for the street and neighbourhood indicate a property that is neither over-improved nor under-improved for its surroundings, which can be a mark of stability and realistic valuation.
Frequently Asked Questions
1. What does the sold price history indicate?
Public records show the home sold in November 2023 for an estimated range. For the exact historical sold price, you can request it via email from the site; they provide this data manually without using your email for marketing.
2. How does the lot size compare meaningfully?
The land area of 3,782 sqft is a key feature. It ranks in the top 27% on its own street, meaning it's significantly larger than many immediate neighbours, offering more private outdoor space than typical for the block.
3. Is the assessed value a good indicator of the market price?
The assessed value is for municipal tax purposes. The home's assessment is around the neighbourhood average, but market price is determined by current conditions, the home's specific state, and buyer demand. The prior sale range is a more direct, though not absolute, market indicator.
4. What should I consider with a home from 1912?
While the basement has been renovated, the age of the home means prospective buyers should pay special attention to the condition of core systems (plumbing, electrical, foundation) and the structure itself during an inspection. Its age is greater than most in the area.
5. Are there similar properties nearby for comparison?
The listing notes nearby homes on the same street and others in King Edward with similar assessed values. It’s useful to compare their lot sizes, living areas, and year built to gauge how this property fits within the local market.