Property Overview: 381 Inglewood Street, Winnipeg
Key Characteristics & Buyer Appeal
This one-storey home at 381 Inglewood Street in the King Edward neighbourhood is a compact, efficiently sized property. With 740 sqft of living space and a renovated basement, it offers a practical layout on a standard city lot. Built in 1971, it is notably newer than many homes on its street and in the immediate area, which can mean fewer concerns related to the aging infrastructure common in older housing stock.
The primary appeal lies in its affordability and manageability. The assessed value is modest and sits around the average for the local area, suggesting a lower property tax burden relative to the wider city. It represents a straightforward entry point into homeownership. The renovated basement adds valuable functional space, increasing the utility of the smaller main floor.
This property would best suit first-time buyers, downsizers, or investors seeking a low-maintenance, income-producing unit. Its size and scale are ideal for those who prioritize financial accessibility and simplicity over square footage. A less obvious perspective is that its "below average" size relative to the city is actually a strategic advantage for cost-conscious buyers, minimizing ongoing utility and maintenance expenses. It’s a home that focuses on necessity rather than excess.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 740 sqft, the living area is below the average for both the King Edward neighbourhood and Winnipeg city-wide. However, it is closer to the average for similar homes on Inglewood Street itself. This indicates a compact, efficient use of space.
2. What does the assessed value tell me?
The assessed value of $23,800 is around the average for this specific street and neighbourhood, but is significantly below the city-wide average. This typically translates to proportionally lower property taxes.
3. Is a 1971 build considered old for this area?
No, quite the opposite. With many neighbouring homes dating to the early 1900s, this 1971 build is above average in age for both Inglewood Street and King Edward. This newer construction date can be a relative advantage.
4. What is included in the "renovated basement"?
The listing confirms a renovated basement exists but does not specify the finish or rooms. This detail should be verified with the listing agent to understand the quality and permitted use of the space.
5. Where can I find exact historical sale prices?
The provided sold price ranges are based on public data. The listing service offers to manually provide the exact sale prices by email upon request, at no cost and without marketing spam.