Property Overview: 220 King Edward Street, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2018, stands out for its modern construction in a neighbourhood of predominantly older homes. Its primary appeal lies in offering a move-in-ready, contemporary living space without the typical maintenance concerns of a century-old property. With 1,620 sqft of living area, it provides significantly more interior space than most local comparables, placing it in the top 2% of homes in the King Edward area. The home also features a renovated basement, adding to its functional space.
The property is ideally suited for buyers who prioritize modern amenities and space but wish to be part of an established, central Winnipeg community. It’s a practical choice for those looking to avoid immediate major renovations. A thoughtful perspective is that while the land size is average for the street, the modern build on a standard lot represents an efficient use of space focused on the home itself, rather than extensive outdoor grounds. The assessed value is notably higher than area averages, reflecting its newer condition and larger size, which may appeal to buyers seeking a long-term home with modern infrastructure.
Frequently Asked Questions
1. How does the age of this home compare to others on the street?
This home was built in 2018, making it exceptionally new for the area. Most comparable homes on King Edward Street were built around 1957, so this property avoids many of the aging system and upkeep issues common in the neighbourhood.
2. Is the living space larger than typical homes nearby?
Yes, significantly. With 1,620 sqft, it ranks in the top 2% for living area in the King Edward area, where the average comparable home is about 953 sqft.
3. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the finishes or layout. This would be a key detail to clarify with the seller or listing agent to understand the quality and potential uses of the additional space.
4. There is no garage. Is street parking readily available?
The listing shows no garage. Given the home's central location and standard lot size, prospective buyers should investigate the specific street parking regulations and typical availability on King Edward Street.
5. The assessed value seems high for the area. Why is that?
The assessed value of $44.70k is in the top 3% for the street, reflecting the home's newer construction year, larger square footage, and modern renovations compared to the area's older housing stock. This suggests it may offer lower immediate repair costs and higher energy efficiency.