Property Overview
This 2022-built, two-storey home at 323 Inglewood Street in Winnipeg’s King Edward neighbourhood stands out for its newness and modern footprint in an area of much older housing stock. With 1,431 sqft of living space, it offers significantly more room than most local comparables. Its assessed value positions it in the top tier for the street and neighbourhood, reflecting its relative premium. The lot is modest for the city but typical for the immediate area. A basement exists but is unrenovated, and there is no garage or pool.
Key Characteristics & Appeal
The primary appeal of this property is moving into a like-new, modern home without sacrificing the established character and convenience of a central neighbourhood. You get the benefits of contemporary construction—likely including modern insulation, wiring, and fixtures—while being surrounded by mature trees and walkable streets. Its living space is generous for the area, making it ideal for small families, professionals, or downsizers who want main-floor bedrooms and more than a condo's space without the upkeep of a century home.
It particularly suits a buyer who values move-in readiness and low maintenance over a large yard or custom renovation projects. The unrenovated basement presents a clear, clean-slate opportunity for future expansion. It’s a pragmatic choice for someone wanting a newer build in a settled community, where this home is a statistical standout in terms of age, size, and value within its micro-market.
Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessment reflects the home's very recent construction (2022) and its above-average living area for the neighbourhood. It is valued as a modern asset in a market where most homes are many decades older.
2. What does the "unrenovated basement" entail?
It means the basement is unfinished. It has been built to code as part of the new construction but is essentially a blank canvas—with concrete floors, exposed framing, and utilities—awaiting drywall, flooring, and design to become livable space.
3. Is the lack of a garage a significant drawback here?
It depends on your needs. On-street parking is common in the area. The trade-off is a lower-maintenance property without a structure to maintain, which some buyers may prefer. Adding a garage later would be subject to lot space and city bylaws.
4. How does the lot size affect the property?
The lot is smaller than the Winnipeg average but typical for King Edward. This means less yard maintenance but also limited space for major additions, detached structures, or extensive landscaping. It emphasizes the home itself as the primary asset.
5. The home sold recently in 2022. What does that mean for a buyer today?
It indicates the current owner is likely the first occupant, so the home has only had one owner since being built. This can be an advantage, as the full history is known. The previous sale price provides a transparent, recent benchmark for market comparison.