Property Overview: 319 Inglewood Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, century-old home (built 1918) in Winnipeg's King Edward neighbourhood. With 925 square feet of living space and a standard city lot, its metrics are generally average or below average compared to its immediate area and the wider city. The home has a basement, but it is noted as not being renovated, and there is no garage or pool.
The primary appeal lies in its position as an affordable entry point into the housing market. Its assessed value is notably low, both for the street and the city, suggesting a lower property tax burden and an accessible price point. It suits a specific type of buyer: a first-time purchaser, an investor looking for a rental property, or a hands-on individual seeking a "blank canvas" project. The charm here isn't in move-in-ready finishes, but in potential and fundamentals—it's a small, classic one-and-a-half storey on a residential street. A thoughtful perspective is that its below-average size and value for the city might actually be an advantage for someone seeking a simpler, more manageable footprint without the premium of a larger, modernized home. It represents the practical side of homeownership.
Section 2: Frequently Asked Questions
1. What does "below average" for assessed value actually mean?
It means the city's assessed value for this home is lower than most properties in its comparison groups. This typically results in lower property taxes, which is a financial positive, but it also generally reflects the home's condition, size, and features relative to others.
2. Is the unrenovated basement a major concern?
It depends on your plans and inspection. An unrenovated basement in a 1918 home requires careful evaluation for moisture, foundation integrity, and the state of essential systems (like wiring or plumbing) that may be located there. It represents both a potential cost and an opportunity to finish it to your own standards.
3. Who would this property not be suitable for?
It would likely not suit buyers looking for a modern, low-maintenance, or turn-key home. Families needing significant space, those unwilling to take on renovation projects over time, or anyone requiring garage parking would probably find it lacking.
4. The sold price history shows a range. Why isn't the exact price listed?
Exact sale prices in Manitoba are not publicly available through standard land registry searches. The ranges are estimates based on publicly available data. You can request the precise figure from the listing service, as noted on the detail page.
5. How significant is the lack of a garage?
This is a key consideration for Winnipeg winters. You'll need to factor in the cost and logistics of street parking, which includes seasonal parking bans, or the potential future cost of adding a shed or garage. For some buyers, the trade-off for the lower price is acceptable.