Property Overview: 365 Inglewood Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2021, stands out in Winnipeg’s King Edward neighbourhood for its modernity and above-average living space. With 1,383 sqft, it offers significantly more room than most comparable homes on its street and in the immediate area. Its assessed value of $380k positions it among the elite properties locally, reflecting its desirability. The home has a full basement (unrenovated) and sits on a 2,525 sqft lot, which is compact for the city but typical for the area.
The primary appeal lies in acquiring a like-new build in an established neighbourhood, bypassing the need for immediate updates or repairs. It suits buyers seeking a move-in-ready home with modern building standards, who value low maintenance and more interior space over a large yard. It’s a particularly strong match for professionals or small families looking for a modern footprint within a mature community. A less obvious perspective is its statistical rarity: a home this new ranks in the top 2-5% for its age group across multiple scales, meaning comparable new constructions in established areas are uncommon, potentially offering long-term value stability.
Section 2: Frequently Asked Questions
1. Is the property’s $380k assessment close to its likely market value?
While assessments are for tax purposes, this home’s assessment places it in the top 5% for its neighbourhood, indicating it is considered a high-value property. Market value can vary, but this suggests a strong baseline.
2. What does “basement, not renovated” imply?
The home has a full, undeveloped basement. This is common for a 2021 build and presents a blank canvas for future expansion, storage, or a recreational space, but it requires investment to finish.
3. The lot size is noted as “below average” for the city. Is that a concern?
The lot is smaller than the Winnipeg average but is around average for Inglewood Street itself. This is typical for inner-city neighbourhoods and means less yard maintenance, but may not suit those wanting extensive outdoor space.
4. How does this home compare to others on the street?
It is newer than nearly all homes on the street (top 2%), larger in living area (top 5%), and has a higher assessed value (top 4%). It is a distinctly modern property on a street of mostly older homes.
5. There’s a noted sale in April 2021. Is that for this home?
Given the 2021 build year, the sale recorded for April 2021 likely represents the original sale of the newly constructed property. For the exact sale price, you can request the details via the provided email service.