Property Overview: 326 Inglewood Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1912, situated on a standard city lot in the King Edward neighbourhood. Its key characteristic is its exceptionally low price point, reflected in an assessed value that ranks in the bottom 3% citywide. The living space is notably small at 536 square feet, placing it among the smallest homes in the area, and it features an unrenovated basement. There is no garage or pool.
The primary appeal lies in its function as an affordable entry point into homeownership or as a potential investment property. It suits buyers with very limited budgets, those seeking a minimal footprint, or investors looking for a low-cost rental property where the land value may represent a significant portion of the asset. A less obvious perspective is its potential for someone interested in a custom, small-scale rebuild or addition, given the established neighbourhood and the lot size, which is manageable yet provides some space. It is not suited for those needing move-in-ready condition, modern amenities, or space for a growing family.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value is based on the property's current state, size, and recent sales in the area. The very small size (536 sq ft) and age of the home, combined with an unrenovated condition, result in a valuation significantly below typical Winnipeg homes.
2. What does "Top 99%" or "Top 100%" mean in the rankings?
These rankings indicate the property's position relative to comparable properties. For example, "Top 99%" for living area means its square footage is greater than only 1% of comparable homes—so it's in the bottom 1% for size. A "Top 100%" ranking means it is at the very bottom of the comparison group.
3. Is this a teardown property?
While the home is very small and over a century old, it is a standing house. Whether it's a candidate for demolition depends on the buyer's plans, the feasibility of renovation, and local regulations. Its value is largely in the land and location.
4. How reliable are the sold price ranges shown?
The ranges are based on publicly available data. For the exact historical sold prices, you must request them via email from the site, as they are verified manually from non-public records.
5. What are the immediate neighbouring properties like?
The listing shows the adjacent properties on Inglewood Street are also closely spaced homes in the King Edward neighbourhood. The provided comparable sales suggest the immediate area consists primarily of older, modestly sized homes with similarly low assessed values.