Property Overview
This 1,011 sqft bi-level home at 237 King Edward Street in Winnipeg offers a modern living space within an established neighbourhood. Built in 2017, it stands out as a significantly newer construction compared to most homes in the area. The home features a renovated basement and sits on a modest, manageable lot. Its assessed value is notably strong for the immediate street and broader King Edward area, suggesting it is well-positioned within its local market.
Key Characteristics & Appeal
The primary appeal of this property lies in its modern age, offering buyers a move-in-ready home likely requiring less immediate maintenance than the neighbourhood's older housing stock. Its above-average assessment for the area indicates quality finishes or desirable updates. The bi-level layout with a renovated basement provides functional separation of living and sleeping areas, along with extra flexible space.
This home would suit first-time buyers or downsizers seeking a newer, low-maintenance property in a central Winnipeg neighbourhood without the premium of a brand-new build. It’s also a practical choice for investors looking for a modern rental property in a stable area. A less obvious perspective is its value for those who appreciate newer infrastructure (like plumbing and electrical) but want to avoid the typically larger lot sizes and higher prices of new suburban developments. The modest lot size translates to less yard work, which can be a hidden benefit for busy professionals.
Frequently Asked Questions
1. How does the home’s size compare to others?
At just over 1,000 sqft, the living area is very close to the average for both King Edward Street and the wider King Edward area. City-wide, it is considered more compact, appealing to those seeking efficient, easier-to-maintain space.
2. Why is the assessed value higher than many neighbours?
The assessed value ranks in the top quarter on its street and top 8% in the King Edward area. This is largely driven by the home's modern build year (2017), its renovated condition, and likely higher-quality construction materials compared to the many century-old homes nearby.
3. What are the implications of the smaller land area?
The lot is under 3,000 sqft, which is smaller than the city average. This means less outdoor maintenance and a smaller yard, which suits a low-maintenance lifestyle. It may also limit potential for large additions or detached structures.
4. Is this a good investment compared to older homes on the street?
The data suggests it holds its value well locally. Its newer build likely means lower ongoing repair costs than a heritage property, but it may also have less character. It represents a different type of investment: modern convenience over historic charm.
5. What was the previous sale price?
The home sold in September 2021 for an estimated range of $36.5k to $39.5k. For the precise historical sale price, you can request the exact figure via email from the listing source.