Property Overview: 303 Inglewood Street, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 303 Inglewood Street in Winnipeg's King Edward neighbourhood presents a compelling mix of modern build and established community. Its key appeal lies in being a notably newer construction (built in 2017) in an area of mostly older homes, offering move-in readiness without the immediate need for major updates. The home features 932 sqft of living space, which is typical for the immediate street and neighbourhood, and includes a detached garage and a full, unrenovated basement.
The property’s strongest suit is its modern infrastructure and above-average assessed value for the area, suggesting solid construction and finishes. However, the land size is modest, especially compared to the city-wide average, which means smaller outdoor space but less maintenance. This home would ideally suit first-time buyers or downsizers seeking a low-maintenance, newer home in a central, established neighbourhood without paying a premium for a large lot. It’s a practical choice for those who value modern mechanical systems and interior condition over expansive yard space.
A less obvious perspective is the value of its "age percentile." Being newer than 95% of homes on its street and city-wide is a significant advantage for insurance costs and predictable maintenance, a detail often overlooked when comparing square footage alone.
Section 2: Frequently Asked Questions
1. How does the modern build year affect ongoing costs?
A 2017 build typically means newer roofing, siding, windows, and major systems (like HVAC and plumbing). This can translate to lower immediate repair costs and potentially more favourable home insurance rates compared to century-old homes in the area.
2. Is the basement finished?
No, the basement is noted as being present but unrenovated. This provides a blank canvas for future expansion or storage, but any finishing would be an additional project and cost for the buyer.
3. What are the trade-offs of the smaller land size?
The lot is under 2,600 sqft, which is below average for both the neighbourhood and city. This means a smaller yard, limiting extensive gardening or large outdoor entertainment space. The benefit is reduced upkeep and less time spent on landscaping.
4. The assessed value seems high for the area. Is that good?
The assessment is above average for King Edward and on Inglewood Street. This generally reflects the property’s newer construction and condition. While it can influence property taxes, it also often supports a stronger market value compared to older, unrenovated homes nearby.
5. What is the neighbourhood character like?
Inglewood Street is a mix of older character homes and some newer infill builds like this one. The King Edward area is a mature, central Winnipeg neighbourhood, offering a blend of residential streets with convenient access to downtown and local amenities.