Property Overview: 360 Inglewood Street, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2023, stands out for its modern foundation in the established King Edward neighborhood. Its primary appeal lies in its exceptional standing relative to its immediate surroundings. The home ranks in the top 1-2% on its street and in the neighborhood for both living space (1,569 sqft) and assessed value, indicating it is a significantly larger and more contemporary property than most in the area. The fully renovated basement adds functional space. A thoughtful perspective is that this offers a "best-in-class" option for those who want the character of an older neighborhood without the typical maintenance of an older home.
However, the property presents a clear trade-off: the lot size is notably smaller than area averages. This suggests a home designed for efficient, modern living rather than extensive outdoor space. It would perfectly suit buyers seeking a low-maintenance, turn-key property in a central location, particularly professionals or small families who prioritize interior space and modern amenities over a large yard. It’s also a compelling option for those looking for a newer build in a mature neighborhood where such properties are rare.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Winnipeg’s assessment system compares properties to similar homes in their immediate area. This home’s assessment is elite for King Edward, but the neighborhood's overall property values are lower than the city's newer suburban averages, hence the discrepancy.
2. What does the "Elite" ranking for Year Built mean?
It means this is one of the newest homes not just on the street, but in the entire city. Compared to peers, its 2023 construction date is in the top 1%, which is unusual for central neighborhoods typically filled with older homes.
3. Is the small lot size a major drawback?
It depends on your lifestyle. The lot supports a low-maintenance yard, which is a benefit for some. The data shows you are trading private outdoor space for a much larger, newer interior—a common characteristic of infill development.
4. How reliable are the sold price ranges from 2019?
They provide a historical benchmark, but the property was likely in a very different state (likely a vacant lot or old home) before the 2023 rebuild. For an accurate current valuation, a professional appraisal or analysis of recent sales of similar renovated homes is essential.
5. There's no garage. Is street parking difficult?
The listing does not specify parking. This is a key question for the selling agent, as on-street parking viability can vary greatly even within a single block, especially with a smaller lot that may not allow for a future driveway addition.