Property Overview: 2643 King Edward Street, Winnipeg
Key Characteristics & Appeal
This bi-level home at 2643 King Edward Street in Inkster Gardens presents a compelling mix of modern convenience and practical value. Built in 2008, it is a notably newer construction compared to most homes on its street and across Winnipeg, suggesting fewer immediate concerns with aging infrastructure. The home features 929 sqft of living space, an attached garage, and a renovated basement.
Its primary appeal lies in its balance. While the living space is compact, the property holds a strong assessed value relative to its immediate neighbours, indicating it is perceived as a premium offering on its block. The renovated basement adds functional space, and the newer build year offers peace of mind. This property would suit first-time buyers seeking a modern, low-maintenance home, or practical investors looking for a relatively recent build in a stable neighbourhood. It’s a home that prioritizes efficient use of space and modern systems over sheer size, making it a smart, grounded choice for those who value condition and year-over-year reliability.
Frequently Asked Questions
1. How does this home’s value compare to the area?
The home’s assessed value is above average for King Edward Street itself, but sits around the average mark for the broader Inkster Gardens neighbourhood and city-wide. This suggests you are paying a premium for the newer build and condition relative to the immediate street, which has many older homes.
2. Is the living space sufficient for a small family?
At 929 sqft, the living area is below the neighbourhood and city averages. The renovated basement provides crucial additional flexible space, making the home more viable for a small family or couple who need a home office or rec room, but those requiring ample above-ground square footage may find it compact.
3. What does the sold price history indicate?
The home sold recently in August 2024. The sale price range placed it in the top 4% of sales on its street at that time, reinforcing the idea that this specific property commands a strong price relative to its direct neighbours due to its newer age and condition.
4. How does the lot size impact the property?
The land area of 4,408 sqft is fairly typical. It’s not an exceptionally large lot, but it provides adequate outdoor space for a patio, garden, or play area without the high maintenance of a much larger yard.
5. Who might the nearby similar-valued properties appeal to?
The list of homes with a similar assessed value shows options in areas like Elmhurst and Varsity View. This comparison is useful for buyers deciding between a newer, more compact home in Inkster Gardens versus potentially older or different-style homes in other established neighbourhoods at a similar price point.