Property Overview: 2711 King Edward Street, Winnipeg
Key Characteristics & Appeal
This two-storey home in Inkster Gardens presents a compelling mix of modern convenience and solid value. Built in 2009, it is a notably newer construction compared to many homes on its street and across Winnipeg, suggesting fewer immediate concerns with aging infrastructure. The 1,295 sqft living space is efficiently laid out and ranks well above average for the immediate area, offering more room than most neighboring homes. A key feature is the renovated basement, which adds functional living space. The property includes an attached garage, a practical asset for Winnipeg winters.
The appeal here is rooted in balance and practicality. The home’s assessed value places it in an elite tier on King Edward Street, indicating it is perceived as a higher-value asset in its micro-neighborhood. This could appeal to value-conscious buyers looking for a home that stands out locally without a premium city-wide price tag. The lot, while smaller than area averages, translates to less yard maintenance. It would suit first-time buyers seeking a move-in-ready, modern home, or an investor looking for a newer property with strong rental potential in a stable neighborhood. The data suggests you’re purchasing a top-tier property on this specific block, which is a less obvious but important perspective on its long-term equity and desirability within the local context.
Frequently Asked Questions
1. How does the assessed value compare to the likely selling price?
The assessed value is a municipal calculation for tax purposes and is typically lower than market value. This home’s assessed value of $43.7k is in the top 3% on its street, signaling strong municipal valuation for the area, but the actual selling price will be determined by current market conditions.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, and the basement’s intended use (e.g., living space, rental suite, recreation room) to understand its value and functionality.
3. The home sold in 2016 for roughly $30.5k–$33.5k. Why such a large increase in assessed value since then?
The significant jump in assessed value since 2016 likely reflects a combination of city-wide assessment adjustments, the home’s relative newness holding value well, and substantial improvements made (like the basement renovation) that are now captured in the valuation.
4. How does the smaller land area impact the property?
At 3,690 sqft, the lot is smaller than many in the wider area. This means lower maintenance, which is a benefit for many, but may limit expansion possibilities like large additions or pools. It emphasizes the property’s value as residing in the home itself.
5. What is the neighborhood (Inkster Gardens) like for families and daily living?
As part of the Inkster Gardens area, it offers typical suburban amenities. For specific insights on schools, transit, parks, and community feel, prospective buyers should explore the neighborhood directly and review recent city community data, as these details extend beyond the property’s statistical profile.