Property Overview & Key Characteristics
This 774 sqft bi-level home at 357 Inglewood Street in Winnipeg's King Edward neighbourhood presents a practical and efficient living option. Its key appeal lies in its modern foundation relative to the area—built in 1986, it is notably newer than most surrounding homes, which often date to the early 20th century. This suggests potentially fewer concerns with aging infrastructure. The home features a renovated basement and a detached garage.
The property sits on a modest 2,525 sqft lot, which means lower maintenance but less private outdoor space. Its assessed value ranks well above average for both the street and the neighbourhood, indicating it is viewed as a solid asset in its immediate context, though it is below the citywide average. This profile suits first-time buyers, downsizers, or investors seeking a manageable, low-maintenance property in a central location without the upkeep demands of a century home or a large yard.
Frequently Asked Questions
1. How does the home's size compare to others?
At 774 sqft of living area, it is smaller than the average home in King Edward and significantly smaller than the Winnipeg average. This makes it a compact, efficient space ideal for individuals, couples, or small families.
2. What does the above-average assessment for the street mean?
The assessed value ranks in the top 21% on Inglewood Street. This typically reflects that the property is in good condition and/or has features (like its newer build year and renovated basement) that give it a higher value per square foot than many direct neighbours.
3. Is the lot size a limitation?
The lot is smaller than most in the wider neighbourhood and city. This is a trade-off: it requires less yard work and upkeep, but offers limited space for expansions, large gardens, or extensive outdoor recreation.
4. Who might this property not suit?
Buyers needing substantial living space, multiple bedrooms, or a large private yard may find it limiting. Its compact size and lot are best for those prioritizing location and simplicity over space.
5. What is the significance of the 1986 build year?
In a neighbourhood with many homes built before 1950, a 1986 build is a standout. It likely means more modern wiring, plumbing, and insulation standards, which can translate to lower immediate repair costs and different renovation possibilities compared to a true character home.