Property Overview & Key Characteristics
This 1986 bi-level home at 254 King Edward Street in Winnipeg’s King Edward neighbourhood presents a practical and affordable entry point into homeownership. Its key appeal lies in its relative modernity compared to many area homes, a recently renovated basement, and a detached garage. With 775 sqft of living space, the house is compact, ranking below average in size for the street, area, and city, which translates to lower utility costs and minimal upkeep. The assessed value is notably above average for the King Edward area, suggesting the property is in good standing relative to its immediate peers, though it remains a very affordable option citywide.
The home would suit first-time buyers or investors seeking a straightforward, low-maintenance property. Its smaller scale and newer build date (1986) reduce the risk of major structural issues common in century-old Winnipeg homes. The below-average land size (2,693 sqft) means less yard work, appealing to those who prefer a simpler outdoor space. A thoughtful perspective is that this property offers a chance to live in an established neighbourhood without the typical maintenance burden of an older, larger house, positioning it as a efficient, pragmatic choice rather than a sprawling family home.
Frequently Asked Questions
1. How does the home’s size compare practically?
At 775 sqft, the living area is compact, ranking in the bottom quarter for size on its own street. This is ideal for individuals, couples, or small families who prioritize efficiency and lower heating costs over spaciousness.
2. Why is the assessed value above average for the King Edward area?
The assessment is likely influenced by the home’s newer construction year (1986) and renovated basement compared to many neighbouring properties, which are often much older. It reflects a better-than-average condition for the immediate locale.
3. What are the implications of the smaller land size?
The lot is 2,693 sqft, which is significantly smaller than average for the street. This means a smaller yard to maintain, which can be a benefit for those seeking low upkeep, but offers less space for expansions, gardens, or outdoor recreation.
4. Who might this property not suit?
It may not suit buyers needing multiple bedrooms, dedicated home office space, or those who desire a large private yard. The compact living area requires efficient use of space.
5. How can I get the exact historical sale price?
The listed sale price range is based on public data. To receive the exact sale price from the recorded transaction, you can use the email request feature provided on the listing page. The service is manual but typically provides a reply by the end of the same day.