Property Overview: 255 Inglewood Street
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1912, presents a classic character home opportunity in Winnipeg's King Edward neighbourhood. With 1,153 sqft of living space, it offers more room than many comparable homes on its street and in the immediate area. A key feature is its renovated basement, adding functional living space. The property sits on a 3,532 sqft lot, which is a generous size for the street.
The primary appeal lies in its strong positioning within a local context. While its age and assessed value are below the city-wide average, it ranks above average for living space within its own neighbourhood—a practical advantage for buyers focused on King Edward. It suits a first-time homebuyer or an investor looking for a character property with foundational updates (like the basement) and the potential to add value. It’s less suited for those seeking a modern build, a garage, or a property that ranks highly in city-wide metrics.
A thoughtful perspective: its "average" assessed value for the street and neighbourhood suggests it’s priced in line with the local market, potentially offering a stable entry point without a premium for extreme scarcity or luxury. The recent sale in mid-2024 indicates active market interest.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 1,153 sqft, this home provides more living space than the average comparable home on Inglewood Street (922 sqft avg) and in the King Edward neighbourhood (952 sqft avg).
2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but the specific finishes, layout, and whether it includes a legal suite or additional bedrooms should be verified through a viewing or direct inquiry with the listing agent.
3. Is the assessed value a good indicator of the sale price?
Not directly. The assessed value for municipal taxes is $23,700. The home sold for between $265,000 and $295,000 in May 2024, which is a more accurate reflection of its recent market value.
4. What are the implications of the home's age (1912)?
While it adds character, it typically means potential for older systems (plumbing, electrical, roof) that may require attention or updating. A thorough home inspection is strongly advised.
5. How does the lack of a garage affect parking?
The property has no garage. Parking would be limited to on-street, so checking local parking regulations and typical availability on Inglewood Street is important for daily convenience.