Property Overview
This 2023-built bi-level home at 210 King Edward Street offers a modern, low-maintenance living experience in Winnipeg's King Edward neighbourhood. With 900 square feet of living space and a renovated basement, it represents a turnkey opportunity. Its key appeal lies in its new construction status, which is exceptionally rare for the area, virtually eliminating immediate repair costs and offering modern building standards. The home sits on a modest 2,648 sqft lot, which translates to less yard upkeep—a plus for some, but a limitation for others seeking expansive outdoor space.
The property is ideally suited for first-time homebuyers, downsizers, or investors seeking a modern, efficient property without the wait and uncertainty of a new build. Its above-average assessed value for the immediate area suggests it is perceived as a premium offering within the neighbourhood, likely appealing to those who prioritize contemporary finishes and systems over historic character or larger lot sizes. A thoughtful perspective is that this home offers a way to live in an established community without the typical maintenance burdens of an older house, though the smaller lot means outdoor privacy and space are more limited compared to many area homes.
Frequently Asked Questions
1. How does the property’s value compare to the neighbourhood?
The home’s assessed value of $350k ranks in the top 10% for the broader King Edward area, indicating it is considered a higher-value property locally, likely due to its new construction.
2. What are the implications of the smaller lot size?
At 2,648 sqft, the lot is below average for the street, neighbourhood, and city. This means lower yard maintenance but also less private outdoor space and limited potential for expansions like large decks or additions.
3. Is the home significantly newer than others nearby?
Yes. Built in 2023, it is in the top 1% for year built in its comparisons, making it a notable exception in an area where the average home was built in the mid-20th century.
4. What does the sold price history indicate?
The home sold in August 2023 for between $395k and $425k. This recent sale provides a clear, current benchmark for its market value.
5. Who might this property not suit?
It may not be ideal for buyers seeking a large yard, traditional character, or those looking for a project home, as the new build and recent renovation leave little room for value-adding improvements.