Property Overview: 214 Inglewood Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1918, presents a classic character home with practical updates. Its key feature is a renovated basement, adding valuable finished living space to the 1,092 sqft footprint. The home sits on a standard city lot of approximately 3,361 sqft. Notably, its living area is above average for both the immediate street and the broader King Edward neighbourhood, offering more interior space than many comparable properties. There is no garage or pool.
The appeal lies in its established, quiet location on Inglewood Street and its efficient use of space, enhanced by the basement renovation. From a value perspective, its assessed value is modest and in line with nearby homes, but it stands out for offering more square footage than the local average. This creates a potential value proposition for buyers seeking space in a mature neighbourhood without a premium price tag.
This property would suit a first-time homebuyer, a downsizer looking for a manageable character home, or an investor seeking a stable rental property in a central location. It’s ideal for someone who appreciates older home charm and has no need for extensive private parking or large outdoor amenities.
Section 2: Frequently Asked Questions
1. What does "above average" living area mean for this home?
While the home’s 1,092 sqft is around the citywide average, it ranks in the top 20-23% for living space on its street and in the King Edward neighbourhood. This means it offers more interior room than most direct comparables in the area.
2. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the local market in King Edward and on Inglewood Street, where property values are consistently lower than the Winnipeg average. This is typical for mature, central neighbourhoods with older housing stock and is not unique to this property.
3. What are the implications of the home’s age (1918)?
A home from 1918 offers classic character but requires a mindful inspection. Buyers should pay special attention to the condition of foundational elements, plumbing, electrical systems (which may have been updated), and the roof. The renovated basement is a positive, but the quality and permits of that work should be verified.
4. Is the lack of a garage a significant drawback?
This depends on the buyer’s lifestyle. For the neighbourhood, it’s common. The property relies on on-street parking. This can be a practical trade-off for the lower price point and character offered in such locations.
5. How stable has the home’s value been?
Based on available sold price ranges, the home’s market value has remained very stable over the past decade, with sales in 2016 and 2017 occurring at a similar price point. This suggests a property holding its value in line with its immediate area, without dramatic fluctuation.