Property Overview: 257 King Edward Street, Winnipeg
This one-and-three-quarter storey home, built in 1912, presents a classic Winnipeg character property with practical considerations. Its appeal lies in its established King Edward neighbourhood location and its position as a potentially more accessible entry point into the market. The home features a 972 sqft living area, a detached garage, and an unfinished basement, sitting on a 2,897 sqft lot.
Key Characteristics & Ideal Buyer
The home’s key characteristics are defined by its context. Within its immediate area and the broader King Edward neighbourhood, its living space, assessed value, and lot size are generally around average for comparable properties. However, when viewed city-wide, these same metrics are below average, highlighting the neighbourhood's character of smaller, older homes. This creates a specific appeal: it offers the charm and location of an established inner-city community without the premium price tag of larger, modern builds.
Its appeal lies in its authenticity and opportunity. It suits a buyer looking for a straightforward, no-frills character home—perhaps a first-time buyer, an investor, or someone seeking a lower-maintenance footprint. The unfinished basement offers potential for future customization, and the detached garage provides valuable storage. A thoughtful perspective is that its "below average" city-wide metrics are precisely what make it accessible, representing a chance to own a single-family home in a mature neighbourhood where many other options may be significantly more expensive or be condominiums.
Frequently Asked Questions
1. What does the assessed value tell me about the property?
The assessed value is significantly below the city-wide average, which is typical for older, smaller homes in established neighbourhoods. It generally reflects municipal tax valuation, not market value, but indicates a likely lower property tax burden relative to newer or larger homes in the city.
2. Is the living space sufficient for a small family?
At 972 sqft, the living area is functional for a small household. Its one-and-three-quarter storey design often means bedrooms are on a second, potentially cozier floor. Buyers should consider if the layout and room sizes match their needs for the long term.
3. What should I know about a home built in 1912?
While full of character, a home of this age requires a diligent inspection. Key considerations will be the condition of foundational elements, the roof, wiring, plumbing, and windows. An unfinished basement allows for easier inspection of structural components.
4. How does the lot size compare?
The lot is under 3,000 sqft, which is smaller than the Winnipeg average but fairly typical for the King Edward area. This means lower outdoor maintenance but limited space for major expansions or additions.
5. Why is there a range for the last sold price, and how do I get the exact figure?
The listed range is an estimate based on public data. The exact sale price is available upon request via email from the source site, as this information is not always disclosed in public records. They provide this detail manually as a service.