Property Overview: 399 King Edward Street
Key Characteristics & Appeal
This two-storey home on King Edward Street presents a compelling blend of space, location, and value. Its primary appeal lies in its generous proportions, both in the 1,868 sqft living area and the 5,794 sqft lot. The living space is notably large, ranking in the top 1% for the immediate street and neighborhood, offering significantly more room than most comparable homes in the area. This is complemented by a renovated basement and versatile parking with both attached and detached garage options.
The property suits buyers looking for a well-established home with room to grow or spread out, without the premium price tag of a new build. It’s ideal for those who value a larger lot for privacy, gardening, or potential expansion in a mature neighborhood. The strong rankings for living and land area within its specific community suggest it offers a rare level of space for King Edward, appealing to families or multi-generational households seeking character and room over a brand-new construction. A thoughtful perspective is that its above-average assessed value for the neighborhood indicates it’s already recognized as a substantial property locally, potentially offering stability in a community context.
Frequently Asked Questions
1. How does the home’s size compare to others in Winnipeg?
While the home is in the top 15% for living area citywide, its true standout feature is within its own neighborhood. It offers nearly double the living space of the average comparable home on King Edward Street, making it a particularly spacious option in that specific locale.
2. What does the assessed value tell me?
The assessed value is above average for the King Edward area, which often reflects the property’s larger size and improvements like the renovated basement. It’s important to note that assessed value is for tax purposes; market value can differ.
3. Is the 1951 build year a concern?
The year built is around average for the street and neighborhood. While it means systems like plumbing or electrical may need updating, it also often comes with mature landscaping, established communities, and more unique architectural character than newer subdivisions.
4. What is the benefit of having two garages?
The combination of an attached and detached garage offers exceptional flexibility. It provides ample space for vehicles, workshops, and storage, and can be a significant asset for households with multiple drivers, hobbyists, or a need for separate workspace.
5. Where can I find the exact historical sale price?
Exact sold prices are not publicly displayed in detail. The listing service provides a recent sold price range and offers to send the precise history via email upon request, which they handle manually without using your contact for unsolicited marketing.