Property Overview: 285 Inglewood Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in King Edward is defined by its historic character and practical positioning in the market. Built in 1912, it offers 1,070 sqft of living space, which is notably above average for both the immediate street and the neighbourhood. The lot is a manageable 2,523 sqft. Key features include a basement (not renovated) and no garage.
Its primary appeal lies in being a relatively spacious home within its local context, situated on a street of similar vintage homes. The very low assessed value signals an entry-level price point, making it a potential opportunity for buyers comfortable with a project or seeking a lower-cost foothold in the city. This property would suit a pragmatic first-time buyer, an investor looking for a rental property with a historic feel, or someone seeking a modest, character home without a large mortgage. A less obvious perspective is that its above-average size for the area, paired with a below-average valuation, could indicate a value proposition for those willing to invest in updates over time. However, the age and condition mean it is best suited to those with realistic expectations about maintenance and potential renovation needs.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than typical city-wide averages?
Assessed values are relative. This home’s value is low compared to the entire city, but is more in line with (though still below) the averages for King Edward and Inglewood Street, which are older neighbourhoods with many modest, historic homes.
2. What does "above average" living area mean for this home?
While the home’s square footage is modest by broader Winnipeg standards, it is actually larger than many homes directly on Inglewood Street and within the King Edward neighbourhood. This means you get more interior space than many immediate comparables.
3. The home has sold three times since 2017. Is that a concern?
The recent sales activity suggests it is a property that changes hands more frequently, which is common for entry-level or investment-focused homes. Reviewing the sold price ranges shows appreciation over time, which is a positive trend.
4. Are there any major concerns with a home built in 1912?
The age implies that core systems (like wiring, plumbing, and the foundation) may be older or have been updated at various times. The unrenovated basement also suggests potential for moisture management or cosmetic improvements. A thorough inspection is essential.
5. What are the realistic expectations for parking and outdoor space?
The property has no garage. Parking would be on-street. The land area is smaller than most in Winnipeg, providing a smaller yard, which can mean lower maintenance but less private outdoor space.