Property Overview
This two-storey home at 375 Edgewood Street in Winnipeg's Norwood East neighbourhood presents a compelling blend of modern convenience and established community. Built in 2019, it is a notably newer construction in an area characterized by much older homes, offering immediate move-in readiness without the concerns of aging infrastructure. Its key appeal lies in this modern foundation paired with a generous 2,500 sqft lot, placing it in the top tier for land size on its street. The home features 1,459 sqft of living space and a renovated basement, adding valuable functional area.
The property suits first-time buyers or downsizers seeking a low-maintenance, newer home without sacrificing yard space. It also appeals to value-conscious buyers looking for a modern property in a mature neighbourhood where the land itself represents a significant asset. A thoughtful perspective is its potential as a long-term hold in an area where newer builds are rare; as surrounding properties are progressively updated, this home's modern origins could become an increasingly distinctive advantage.
Frequently Asked Questions
1. How does the assessed value relate to the likely listing price?
The assessed value of $52.7k is for municipal tax purposes and is typically significantly lower than market value. The sales history shows it last sold for $44.9k in 2019, but current market conditions and property improvements will determine the listing price.
2. What does the "renovated basement" entail?
The listing confirms a renovated basement but does not specify the scope. This should be clarified to understand if it’s a finished living space, a modernized utility area, or includes legal secondary suite potential.
3. There's no garage. Is there other parking?
The listing notes no garage. Prospective buyers should verify if there is a dedicated driveway, a rear laneway for parking, or only on-street parking available.
4. The home is newer, but how does it fit with the older neighbourhood?
Built in 2019, this is one of the newest homes in Norwood East. This means modern building standards, energy efficiency, and less immediate repair cost, but it may have a different architectural character than its historic neighbours.
5. The lot is large, but how is it configured?
At 2,500 sqft, the lot is in the top 15% on the street for size. It’s important to understand its layout—whether it’s deep, wide, or has unique features—to gauge its utility for gardening, recreation, or future expansion.