Property Overview: 362 Inglewood Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Inglewood Street in the King Edward neighbourhood presents a straightforward, entry-level opportunity. Built in 1918, its 800 sqft living area is modest but typical for the immediate street and area. The lot, at just over 2,500 sqft, is notably compact, even for this part of the city. The home has a basement but it is not renovated, and there is no garage or pool.
Its primary appeal lies in its positioning as an affordable, low-maintenance footprint in an established central neighbourhood. The assessed value is well below the city average, suggesting a lower property tax burden and a potentially accessible price point. It suits first-time buyers, investors, or downsizers seeking a functional starter home with minimal yard upkeep. A thoughtful perspective: while the home itself is average for the street, its very small lot size is a standout constraint, limiting expansion potential but also reducing maintenance time and cost—a trade-off that could be right for a specific lifestyle.
Section 2: Frequently Asked Questions
1. How does the small lot size impact this property?
At 2,516 sqft, the lot is significantly smaller than most in the area and city-wide. This means a smaller yard to maintain and less outdoor space, but also very limited potential for additions like a garage or a major home extension.
2. What does "basement, not renovated" typically mean for a home of this age?
For a house built in 1918, this usually indicates an original or largely untouched basement. Buyers should budget for potential updates to flooring, lighting, and possibly moisture management, and anticipate it being suited for utility and storage rather than finished living space.
3. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($20.10k) is for municipal tax purposes and is almost always far below market value. Recent sold price data (e.g., ~$21.5k-$24.5k in 2020) is a more useful benchmark, though market conditions have likely changed since then.
4. How does this home compare to others nearby?
Within the King Edward area, this home's living area and age are around average. Its key differentiator is the lot size, which is in the bottom 12% for the neighbourhood, making it one of the more compact properties on the block.
5. What are the practical implications of having no garage?
Parking will be limited to on-street or a possible driveway (subject to verification). This also means no enclosed storage or workshop space, which is a common feature in many Winnipeg homes.