Property Overview: 246 Inglewood Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1912, situated on a modest lot in the King Edward neighbourhood. Its key appeal lies in its position as an affordable, no-frills entry point into the Winnipeg market. With 795 square feet of living space and an unrenovated basement, it presents a straightforward canvas. The home's assessed value is notably below the city-wide average, indicating a lower property tax burden and an accessible price point.
The property would suit first-time buyers, investors, or downsizers seeking minimal upkeep and a lower financial barrier to entry. Its smaller size and older construction date mean it’s not for those wanting modern, spacious layouts without work. However, a thoughtful perspective is its relative standing: while small city-wide, its living area is actually around average for its own street. This suggests a neighbourhood character of cozier, historic homes, potentially offering a more close-knit community feel compared to areas dominated by larger, newer builds.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others nearby?
While its 795 sqft is below average for the wider city and King Edward area, it ranks near the middle (Top 63%) for living area on Inglewood Street itself, where comparable homes average 922 sqft.
2. What should I know about the basement?
The listing specifies the basement exists but is "not renovated." Buyers should budget for potential updates and anticipate a need for inspections regarding moisture, insulation, and foundational integrity common in century-old homes.
3. Is the assessed value a reliable indicator of the selling price?
The assessed value of $22,900 is for municipal tax purposes. The last recorded sale was between $20.5k-$23.5k in August 2020. Market conditions have likely changed, so this should be used as a historical reference point, not a guaranteed price.
4. What are the implications of the lot size?
At 2,520 sqft, the lot is smaller than most in the city and area. This means lower maintenance but also limited potential for expansions or additions, which is an important consideration for future plans.
5. How can I find out the exact historical sale prices?
The exact sold prices are not publicly displayed in detail. The listing service offers to provide this information manually via email upon request, with a promise of no unsolicited marketing use.