Property Overview
361 Inglewood Street is a well-maintained bi-level home in Winnipeg's King Edward neighbourhood. Built in 2017, it offers modern construction in an established area. With 932 sqft of living space and a renovated basement, it presents a practical, low-maintenance living option. The property sits on a 2,525 sqft lot and does not include a garage or pool.
Key Characteristics & Appeal
The primary appeal of this home lies in its combination of new-build amenities and established neighbourhood character. Its 2017 construction date places it among the newest homes in its immediate area and citywide, meaning major systems like plumbing, electrical, and the roof are under a decade old. This modern foundation is paired with a recently renovated basement, adding functional living space.
Its value is notable within the local context. While the living area is modest compared to the Winnipeg average, the assessed value is strong for both Inglewood Street and the broader King Edward area, suggesting a premium for its condition and age. The home suits first-time buyers or downsizers seeking a modern, move-in-ready property without the footprint or upkeep of a larger, older house. It’s also a pragmatic choice for investors or buyers prioritizing predictable maintenance costs and newer infrastructure over expansive square footage or lot size.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value ranks in the top 13% for the King Edward neighbourhood and the top 8% on its own street, indicating it is valued higher than many surrounding properties, likely due to its recent construction and renovations.
2. What are the implications of the smaller lot size?
At 2,525 sqft, the lot is below average for both the neighbourhood and city. This means lower exterior maintenance but also limited potential for expansions or large outdoor amenities. It emphasizes a low-maintenance lifestyle.
3. The home sold three times in recent years. Is that a concern?
The sales in 2017, 2019, and 2023 show turnover, but each sale was at a progressively higher price range, indicating steady appreciation. It could reflect previous use as an investment property or simply changing owner circumstances.
4. What is the neighbourhood like?
King Edward is an established, central neighbourhood. The presence of many older homes (area average year built is 1948) means tree-lined streets and character, while this property offers a modern living experience within that setting.
5. Are there any obvious drawbacks?
The home lacks a garage, which is a consideration for vehicle storage or workshop space. The living area is also compact, particularly compared to the city-wide average, so it may not suit those needing significant room for a growing family or dedicated home offices.