Property Overview: 2487 King Edward Street, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 2487 King Edward Street in Inkster Gardens presents a practical and modern living opportunity. Built in 2005, it is a notably newer construction compared to many homes on its street and across Winnipeg, which suggests updated building systems and potentially lower immediate maintenance. The 951 sqft living area is compact but efficiently sized for its neighborhood, and it features a renovated basement and an attached garage.
The primary appeal lies in its value proposition and move-in readiness. The home’s assessed value ranks significantly above average for King Edward Street, yet it remains accessibly priced within the broader market. This indicates a well-maintained property that stands out among its immediate peers. The renovated basement adds functional living space, a valuable asset in a smaller-footprint home.
This property would suit first-time homebuyers seeking a modern, low-maintenance starter home, or investors looking for a relatively new rental property with solid fundamentals. It’s also a fit for downsizers or those who prioritize easy living in a compact, updated space without the character and potential repair concerns of an older century home.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to the neighborhood?
At 951 sqft, the living area is slightly below the average for the broader Inkster Gardens area but is very typical for houses directly on King Edward Street. It offers a efficient layout suitable for individuals, couples, or small families.
2. What does the "above average" assessed value on the street indicate?
The assessed value ranks in the top 14% on King Edward Street, meaning it is officially valued higher than most direct neighbors. This often reflects the home’s newer construction (2005) and recent renovations compared to older homes on the block, potentially justifying a price premium.
3. Is the lot size a constraint?
The land area of 3,991 sqft is smaller than the area average. This means smaller outdoor maintenance, which can be a benefit for some, but offers less private yard space than other properties in Inkster Gardens.
4. What is the likely condition given its age?
Being built in 2005, major components like the roof, windows, and heating system are likely still within or approaching the middle of their expected lifespans. This is a key advantage over the many Winnipeg homes built decades earlier, potentially reducing near-term capital repair costs.
5. Where can I find exact historical sale prices?
The provider notes that exact sold price history is available upon direct request via email. The ranges shown (e.g., sold for ~$38.5k-$41.5k in 5/2021) are based on public data, but they offer a transparent benchmark for recent market activity on the property.