Property Overview: 244 Inglewood Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1912, situated on a standard city lot in the King Edward neighbourhood. Its key appeal lies in its position as an affordable entry point into the Winnipeg market. With 763 square feet of living space and an unrenovated basement, it is a smaller, character home that is modest in scale and investment.
The property’s data reveals a nuanced position. While its living area is below average for its street, neighbourhood, and the wider city, its assessed value is closer to the average for Inglewood Street itself. This suggests it may be priced in line with its immediate locale, which can be a stability advantage. The home last sold in 2019 for a very accessible price range.
This house would suit a first-time buyer, an investor looking for a straightforward rental property, or someone seeking a minimalist footprint without a large mortgage. Its age means there is potential for adding value through updates, but it also implies a responsibility for maintenance. A thoughtful perspective for the right buyer is the value of a smaller home in an established neighbourhood: lower utility costs, less space to maintain, and the opportunity to customize over time without the premium of a fully renovated property.
Frequently Asked Questions
1. What is the true size and layout like?
The home is 763 sq ft on the main floor, with a basement that exists but is unrenovated. This is a smaller footprint, ideal for one or two people, and likely features a classic early-1900s layout.
2. How does the assessed value relate to the likely selling price?
The assessed value is $19,700, which is around average for Inglewood Street but below average for the wider city. The last known sale was between $14.5k and $17.5k in 2019. A current selling price would be influenced by market conditions, the home's condition, and its assessed valuation.
3. What should I know about a house built in 1912?
While full of character, a home of this age requires a careful inspection. Key considerations would be the condition of the foundation, roof, wiring, plumbing, and heating systems. The unrenovated basement warrants particular attention for moisture issues or structural concerns.
4. Is the lot size a limitation?
The lot is 2,518 sq ft, which is smaller than many in Winnipeg but typical for older core neighbourhoods. It provides adequate outdoor space for a small garden or patio but may not suit someone wanting extensive yard space.
5. Who are the neighbours, and what are comparable homes like?
You are in a dense, mature area with homes built in similar eras. Direct neighbours on Inglewood Street have comparable assessed values. Recent sales on the street and nearby (like 278 and 281 Inglewood) indicate a consistent market for modest, older homes in this block.