Property Overview
This two-storey home at 291 King Edward Street in Winnipeg offers a practical and updated living space within a well-established neighbourhood. Built in 1988, it is a newer construction compared to many homes in the area and citywide. The 975 sqft living area is typical for King Edward, providing comfortable space for a smaller household. A key feature is the renovated basement, adding functional living space. The property sits on a 2,895 sqft lot, which is modest for the street but aligns more closely with the neighbourhood average.
Its appeal lies in its move-in readiness with the basement renovation, its modern age relative to the housing stock, and its position as a competitively assessed property within its immediate area. It suits first-time buyers seeking an updated home without a major project, downsizers looking for manageable space, or investors interested in a property with recent improvements in a stable neighbourhood. A thoughtful perspective is that while the lot is smaller than some on the street, it translates to less exterior maintenance. Additionally, its assessed value sits in the middle of the pack locally, suggesting it is not overvalued compared to direct neighbours, which can be appealing for value-conscious buyers.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 975 square feet, the living area is very close to the average for both King Edward Street and the broader King Edward neighbourhood. It is, however, notably smaller than the typical Winnipeg home.
2. Is the assessed value high for this area?
No, the assessed value of $260,000 is around the middle range for comparable homes on the street and in the King Edward area. It is considered below average when compared to the entire city.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. Prospective buyers should inquire about the scope of the renovation, the quality of finishes, whether permits were pulled, and the basement's current use (e.g., recreation room, rental suite, additional bedroom).
4. The lot seems smaller than others on the street. Is that a concern?
The land area is below the street's average. This means less yard space for gardening or outdoor recreation but also typically entails lower maintenance. It’s a trade-off that may be preferable for those seeking a lower-maintenance property.
5. Where can I find the exact historical sale prices for this property?
The exact sold prices are not published in the public listing data. The website provides estimated sale price ranges and offers to send the precise figures via email upon request, at no cost and without marketing spam.