Property Overview: 2687 King Edward Street, Winnipeg
Key Characteristics & Appeal
This single-storey home in Inkster Gardens presents a practical and modern living opportunity. Built in 2009, it is a notably newer construction compared to most homes on its street and across Winnipeg, offering the appeal of more contemporary building standards and likely lower immediate maintenance. With 1,031 sqft of living space and a renovated basement, it provides functional space that is above average for its immediate neighborhood.
The home’s standout characteristic is its assessed value. It ranks in the top 5% on its street, indicating it is perceived as a premium property in its local context. This suggests solid finishes, upgrades, or a condition that outshines many nearby comparables. The attached garage adds everyday convenience.
Its appeal lies in this combination of relative modernity and high perceived value for the area. It would suit first-time buyers or downsizers looking for a manageable, low-maintenance home without the concerns of an older structure. It’s also a sensible choice for value-conscious buyers who appreciate a property that stands out positively in its immediate market, potentially offering stronger resilience in valuation compared to older neighboring homes.
Frequently Asked Questions
1. How does the home’s size compare to the area?
While the living space is above average for King Edward Street, the land size is smaller than most lots in the wider Inkster Gardens and city. This points to a efficient, lower-maintenance yard, which could be a pro or con depending on your needs.
2. The assessed value seems high for the area. What does that indicate?
A top 5% assessment on its street often reflects significant updates, superior condition, or desirable features not captured in square footage alone. It’s a strong signal of the property’s standing relative to its closest neighbors.
3. What are the implications of the 2009 build year?
A 17-year-old home is modern by Winnipeg standards. Buyers can typically expect newer major systems (like plumbing, electrical, and HVAC) than in the city’s predominantly older housing stock, potentially deferring major renovation costs.
4. Is the renovated basement included in the living area square footage?
Typically, below-grade space like a basement is not included in the official 1,031 sqft living area figure. The renovated basement is additional functional space.
5. How does the sold price history help determine value?
The last recorded sale (2020) provides a historical benchmark, but market conditions have changed. The current high assessed value relative to the street suggests municipal assessment believes the property’s value proposition has improved since then.