294 Inglewood Street

Property Overview: 294 Inglewood Street, Winnipeg

Key Characteristics & Appeal

This 792 sqft bi-level home at 294 Inglewood Street presents a practical and modernized living option in Winnipeg's King Edward neighbourhood. Built in 1989, it is notably newer than most homes on its street and in the wider area, which typically date back to the early-to-mid 20th century. This suggests potentially fewer concerns with aging infrastructure. The home features a renovated basement, adding functional living space. While the living area and land size (2,518 sqft) are below average for the city, they are more in line with the scale of the immediate neighbourhood. The property’s assessed value is strong for the local area, ranking above average on its street.

The primary appeal lies in its modern age, recent updates, and efficient layout, offering a low-maintenance entry point into homeownership. It would suit first-time buyers, downsizers, or investors seeking a manageable property with recent renovations. A thoughtful perspective is that its smaller lot and footprint could mean lower utility costs and less exterior upkeep, aligning with a simpler, more budget-conscious lifestyle without sacrificing the benefits of a renovated interior.

Frequently Asked Questions

1. How does the home’s size compare to others nearby?
At 792 sqft, the living area is slightly below the average for Inglewood Street (922 sqft) but is a fairly typical size for the King Edward neighbourhood. It’s a compact, efficient layout.

2. Why is the assessed value higher than many neighbours?
The assessed value of $28,500 ranks above average for the street. This is likely due to the home’s more recent build year (1989) and the renovated basement, which add value compared to older, unrenovated homes in the area.

3. What does the sold price history indicate?
Public records show it last sold in August 2023 for an estimated range of $37,500 to $40,500. This recent sale provides a clear, current benchmark for its market value.

4. Is the lot size a limitation?
The 2,518 sqft lot is smaller than the city average but is common for the area. It provides adequate outdoor space for a patio or small garden while minimizing yard maintenance.

5. What is the significance of the 1989 build year?
Constructed in 1989, this home is decades newer than most in the vicinity. This can be an advantage, potentially meaning more modern construction standards, materials, and systems (like wiring and plumbing) than are found in century-old homes.