Property Overview
This bi-level home at 258 King Edward Street in Winnipeg’s King Edward neighbourhood presents a practical and modernized living option. Built in 2014, it is a notably newer construction compared to most homes in the area, which typically date back to the mid-20th century. Its key appeal lies in this modern foundation, offering move-in readiness with a renovated basement and freedom from the major maintenance concerns common with century-old houses. With 921 sqft of living space, it is comfortably sized for the immediate neighbourhood and city, though its lot is compact at just under 2,700 sqft.
The home would suit first-time buyers or downsizers seeking a low-maintenance, modern property in an established area. Its assessed value sits above average for King Edward, reflecting its newer build and updated condition. The trade-off for a newer home on a smaller lot is a different lifestyle—less outdoor space but more predictable upkeep. It’s a solid choice for those prioritizing a worry-free structure in a convenient location over a larger yard or the character of an older home.
Frequently Asked Questions
1. How does the property’s size compare to others?
At 921 sqft, the living area is very close to the average for both King Edward Street and the wider King Edward neighbourhood. City-wide, it is smaller than the average home, making it a efficiently sized property.
2. Why is the assessed value relatively high for the area?
The assessed value is above average for the King Edward neighbourhood, primarily due to the home’s modern construction year (2014) and renovated basement. It represents a premium for a newer, updated property in an area of mostly older homes.
3. What are the implications of the smaller lot size?
The lot is compact, ranking below average for the street, neighbourhood, and city. This means lower yard maintenance but less private outdoor space. It’s a practical fit for those not needing extensive gardening or play areas.
4. Is this a typical home for King Edward?
Not in age. While its living space is typical, its 2014 build date makes it a standout modern property in a neighbourhood where most homes were built decades earlier. It offers a different feel—newer systems and layout versus traditional character.
5. What can recent sale prices tell me?
A sale in August 2022 fell within the range of $29.5k to $32.5k, which aligns closely with the current assessed value of $32.8k. This suggests a stable valuation in recent years. For the exact historical sold price, you can request details via email on the property page.