Property Overview
This 760 sqft bi-level home at 325 Inglewood Street in Winnipeg's King Edward neighbourhood presents a practical, low-maintenance living option. Built in 1985, it is notably newer than most homes on its street and in the wider area, which typically date to the early-to-mid 20th century. Its key feature is a renovated basement, adding functional living space. The lot is a manageable 2,523 sqft, smaller than many in the city but fairly typical for the immediate area. The home’s assessed value is strong for its local context, ranking above average on Inglewood Street itself.
The appeal lies in its modern foundation relative to its peers and its turn-key condition with the basement update. It suits first-time buyers seeking an affordable entry into the market, investors looking for a manageable rental property, or downsizers who want a compact, updated home without the upkeep of a larger lot or an older structure. A thoughtful perspective is that while the living space is below the city average, its newer build and renovations may translate to fewer immediate repair costs compared to much older, larger homes in its price range.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 760 sqft of living area, this home is more compact than the average Winnipeg house. However, it is quite close to the average size for the King Edward neighbourhood (952 sqft), and the renovated basement effectively increases its usable space.
2. Is the assessed value a good indicator of the selling price?
The assessed value of $27,100 is a municipal calculation for tax purposes. Notably, it ranks above the street average. Recent sold price data from August 2020 for this property shows a range of $24.5k to $27.5k, suggesting the assessment is in line with recent market activity.
3. What are the advantages of a 1985 build in this area?
Most homes in King Edward and on Inglewood Street were built decades earlier, many before 1950. A 1985 build likely means more modern construction standards, wiring, plumbing, and insulation, which can mean greater energy efficiency and lower risk of major systemic issues common in century-old homes.
4. What is the parking situation?
The listing specifies there is no garage. Buyers should investigate on-street parking regulations or the potential to create a parking pad on the 2,523 sqft lot, as this is a common consideration for homes without dedicated garages in older neighbourhoods.
5. How does the lot size impact the property?
The land area is smaller than the Winnipeg average but near the average for Inglewood Street. This means lower maintenance for gardening and yard work—an advantage for those seeking simplicity—but may limit expansion possibilities or private outdoor space compared to larger lots.