Property Overview
This one-storey home at 280 Inglewood Street in Winnipeg’s King Edward neighbourhood presents a practical opportunity with notable strengths in its immediate context. Built in 1968, it features 1,008 sqft of living space and a renovated basement, situated on a larger-than-typical lot of over 5,000 sqft with a detached garage.
Key Characteristics & Appeal
The primary appeal of this property lies in its strong standing within its local area. While its living space is modest by city-wide standards, it is above average for both Inglewood Street and the broader King Edward neighbourhood. Its most significant advantages are its generous lot size—ranking in the top 7% on its street—and its assessed value, which is substantially higher than area averages. This suggests the property is viewed as a premium holding on its block, likely due to the lot potential or past improvements. The renovated basement adds functional living space.
This home would suit a value-conscious buyer looking for a solid footprint in a central neighbourhood, with the lot size offering future potential for expansion, gardening, or outdoor space. It’s also a sensible fit for those who prefer single-level living. A less obvious perspective is that a higher assessed value relative to nearby homes can sometimes indicate a more updated property or a desirable lot, but it’s wise to balance this with the actual sold price history to understand the market’s valuation.
Frequently Asked Questions
1. Is the living space sufficient for a family?
At 1,008 sqft plus a renovated basement, the home offers functional space for a small family or couple. Its footprint is above average for the immediate area, but it is more compact compared to the Winnipeg city-wide average.
2. What does the "above average" assessed value mean?
The assessed value is in the top 12% for King Edward, meaning it is officially valued higher than most homes in the neighbourhood. This often reflects factors like lot size, condition, or improvements, but it does not directly set the market sale price.
3. How does the lot size compare?
The 5,036 sqft lot is a standout feature, ranking in the top 7% on Inglewood Street. This provides significantly more outdoor space than many neighbouring properties.
4. What is the price trend based on past sales?
The data shows sales in 2017 and 2021, with the sold price increasing between those periods. The most recent sale price range placed the home in the top 9% for the King Edward area at that time.
5. Are there any obvious concerns from the data?
The home’s age (1968) is newer than many on the street, but proactive buyers should still consider the potential need for updates to major aging components, like the roof or mechanical systems, common for houses of this era.