Property Overview: 208 King Edward Street
Key Characteristics, Appeal & Ideal Buyer
This one-and-three-quarter storey home, built in 1918, presents a classic Winnipeg character property with practical updates. Its key feature is a recently renovated basement, adding valuable finished living space to the 968 sqft footprint. The home includes a detached garage. While its living area and assessed value are very typical for the immediate King Edward neighbourhood, the property stands out for its smaller, more manageable 2,648 sqft lot—a notable contrast to larger area norms, which reduces yard maintenance.
The appeal lies in its neighbourhood-appropriate size and the move-in ready condition afforded by the basement renovation. It suits first-time homebuyers or downsizers seeking an established community feel without the upkeep of a large property. A thoughtful perspective is that this home represents a "right-sized" urban option: it offers historic charm without the extreme renovation projects often associated with century-old homes, and the compact lot allows more time to enjoy the city rather than maintain a large yard. It’s ideal for a pragmatic buyer who values location and character over square footage and expansive outdoor space.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is around average for the King Edward neighbourhood, positioning it as a typical offering for this specific community rather than the wider city.
2. What does the “renovated basement” entail?
The listing confirms the basement is renovated, but specifics on finish quality, permits, or the nature of the renovation (e.g., legal suite, recreational room) are not provided. This would be a key detail to clarify with the seller.
3. Is the lot size a disadvantage?
While below average in size for the street and city, the lot is a practical size for minimal upkeep. It may limit extensive gardening or large additions but is sufficient for a patio or small green space.
4. What is the typical price history for similar homes here?
Based on recent nearby sales, similar properties in King Edward have sold in a range comparable to this home’s assessed value, indicating a stable, established market for homes of this type and age.
5. What are the implications of the home’s age (1918)?
While the basement has been updated, the home’s core systems (plumbing, electrical, roof, structure) are over a century old. Prospective buyers should budget for thorough inspections to understand the condition of these older components.