Property Overview: 287 Inglewood Street
Section 1: Key Characteristics & Appeal
This bi-level home at 287 Inglewood Street in Winnipeg's King Edward neighbourhood presents a compelling mix of modern convenience and established community. Its key appeal lies in being a relatively new construction (built in 2013) within a mature area, offering move-in readiness with a renovated basement. With 847 sqft of living space, it is comfortably sized for the local area, though more compact city-wide. The detached garage is a practical asset.
The home’s standout characteristic is its strong assessed value relative to its immediate surroundings, ranking in the top 9% on its street and top 14% in King Edward. This suggests it is viewed as a higher-quality asset in its micro-market. The lot, at 2,523 sqft, is typical for the street but smaller than many city properties, resulting in lower maintenance.
This property would best suit first-time buyers, downsizers, or pragmatic investors seeking a modern, low-maintenance home in a central neighbourhood without the upkeep of an older house or a large yard. It offers the benefit of newer systems and finishes while being positioned in a community where its value proposition stands out clearly against older comparables.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to likely market value?
While the assessed value is strong for the area, it is a municipal tax valuation. The last known sale was in 2020 for an estimated $29.5k-$32.5k. Current market value would be influenced by recent sales of similar, newer homes in King Edward, like the referenced property at 247 Collegiate Street.
2. Is the living space sufficient for a small family?
At 847 sqft, the living area is functional but compact. The bi-level layout and renovated basement can provide good separation of space, making it workable for a small family, though those needing multiple bedrooms or dedicated home-office space may find it limiting.
3. What are the advantages of a newer home in this neighbourhood?
A 2013 build means likely fewer immediate repairs, modern insulation and wiring, and updated building standards compared to the neighbourhood's older housing stock (average build year ~1943). This can translate to lower maintenance costs and better energy efficiency.
4. Why is the land area significant?
The lot is smaller than the city average, which means less outdoor upkeep—a plus for those seeking a low-maintenance lifestyle. However, it also limits expansion potential and extensive landscaping, which is a trade-off to consider.
5. Who are the typical neighbours?
You'll be among a mix of original older homes and newer infill developments like this one. The nearby comparable properties, ranging from early 1900s builds to recent constructions, indicate a neighbourhood in a gradual state of renewal and diversification.