Property Overview: 411 King Edward Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1918, presents a straightforward, no-frills opportunity in Winnipeg’s King Edward neighbourhood. With 741 square feet of living space, it is notably compact, ranking below average in size for both the street and the wider city. The home features a detached garage and an unrenovated basement. Its assessed value is modest and sits around the average for the immediate area, though it is well below the citywide average, reflecting its positioning in the market.
The primary appeal lies in its affordability and simplicity. It is a property with clear, manageable scope, free from the premium often attached to modern updates or larger footprints. The lot size, while smaller than many in the city, is fairly typical for the local streetscape. This home would suit a pragmatic, value-conscious buyer—perhaps a first-time purchaser seeking an entry point into the market, an investor looking for a rental property with lower acquisition costs, or someone who prefers a smaller, easier-to-maintain footprint. Its recent sales history suggests steady, gradual appreciation in line with its immediate surroundings, offering a grounded, lower-risk option in a high-priced market.
Frequently Asked Questions
1. How does the living space compare to typical homes?
At 741 sqft, the living area is compact. It ranks below average compared to most homes in Winnipeg, but is more in line with the scale of many older homes in the King Edward area.
2. What does the assessed value indicate?
The assessed value is modest and tracks closely with the average for the King Edward neighbourhood. However, it is significantly lower than the citywide average, highlighting the property’s position as an affordable option within Winnipeg.
3. Is the basement finished?
No, the basement is noted as being unrenovated. This presents potential for future development but would require investment.
4. How stable has the property’s value been?
Available sales data shows the property has sold several times in recent years, with sale prices gradually increasing from 2020 to 2024, indicating stable, modest growth in line with its local market.
5. What is the significance of the lot size?
The lot is approximately 2,900 sqft. This is smaller than the Winnipeg average but fairly typical for the street and neighbourhood, suggesting the property fits the established character of the area without extensive yard maintenance demands.