Property Overview
This one-and-a-half storey home on Inglewood Street in Winnipeg's King Edward neighbourhood presents a classic character property with practical potential. Built in 1912, it sits on a notably generous lot for the immediate area. The home features a detached garage and an unrenovated basement, positioning it as a solid foundation rather than a turn-key property. Its appeal lies in its above-average living space for the street and neighbourhood, coupled with a land size that offers room to breathe and garden—a relative rarity in the city core. This property would suit a hands-on buyer looking for a character home to gradually personalize, an investor seeking a land-value play in an established area, or someone who values larger outdoor space over a modernized interior.
Key Details & FAQs
Living Space: 1,061 sqft
Land Area: 3,782 sqft
Year Built: 1912
Assessed Value: $22,800
Last Sold (Oct 2022): $18,500k - $21,500k (estimated range)
Frequently Asked Questions
1. What does "above average for the street" really mean for this home?
The living area is in the top 23% of similar homes on Inglewood Street, meaning it offers more interior space than most direct neighbours. The lot size is also in the top 27% on the street, providing a larger-than-typical yard for the area.
2. Is the low assessed value a concern?
The assessed value is around the neighbourhood average but is below the city-wide average. This can reflect the home's age and condition rather than its location's potential. It's important to differentiate between municipal assessment for taxation and current market value.
3. What should I consider about the 1912 build date?
This places the home well below the average build year for the area and city. Buyers should budget for and prioritize a thorough inspection focusing on foundational integrity, historical wiring or plumbing, and energy efficiency updates, while also appreciating the character that comes with an older home.
4. The basement is noted as "not renovated." What are the implications?
This indicates the lower level is in original or utilitarian condition. It presents both a project and an opportunity. While it may not be finished living space, it also means there are no poorly executed renovations to undo, allowing a new owner to design the space to their needs from a blank slate.
5. How does the detached garage add value?
Beyond secure storage or workshop space, a detached garage on a large lot offers flexibility. It could facilitate future landscaping projects, provide a buffer from the street, or even present a future opportunity (subject to zoning) for a lane-way suite or dedicated studio space, enhancing the property's utility.