Property Overview
This 2020-built bi-level home at 336 Inglewood Street offers a modern living experience in Winnipeg's King Edward neighbourhood. Its key appeal lies in its new construction status, which is exceptionally rare for the area, meaning buyers can expect contemporary building standards, energy efficiency, and minimal immediate maintenance. With 965 sqft of living space, it is comfortably sized for the local market, though its lot is notably compact. The home's assessed value ranks well above average for both the street and the neighbourhood, reflecting its premium as a newer build.
This property is ideally suited for first-time homebuyers, downsizers, or investors seeking a modern, low-maintenance property without the wait and uncertainty of a new build. It would also appeal to those who value the character of an established neighbourhood but want the conveniences of a new home. A less obvious perspective is that the smaller lot could be a benefit for those with busy lifestyles seeking minimal yard upkeep, while the new construction in a mature area offers a unique blend of modern living within a settled community.
Frequently Asked Questions
1. What are the main advantages of this home compared to others in King Edward?
The primary advantage is its age. Built in 2020, it is among the newest homes in the entire city for its assessed value range. This translates to modern insulation, wiring, plumbing, and appliances, offering significant savings on utilities and repairs compared to the neighbourhood's predominantly older housing stock.
2. The lot size seems smaller than average. Is that a concern?
The land area is indeed compact relative to most city lots. This means less private outdoor space for gardening or recreation. However, it also means far less yard work and lower landscaping costs, which can be a positive for buyers seeking a low-maintenance lifestyle. The property's value is clearly driven by the building itself, not the land.
3. How does the assessed value compare to recent sale prices in the area?
The home's assessed value of $310k is significantly higher than the average for King Edward, placing it in the top 20% of the neighbourhood. This premium is directly attributable to its new construction. For context, a nearby older home with a similar living area has an assessed value less than half of this property's.
4. What is the potential for future expansion or renovation?
Due to the small lot size and the home's modern construction, major expansions or additions may be limited by zoning setback requirements. However, as the home is only a few years old, any renovations would likely be cosmetic updates rather than necessary structural or system overhauls for the foreseeable future.
5. Who would this property not be well-suited for?
It may not suit buyers looking for a large yard, extensive garden space, or a traditional character home with architectural details common in older neighbourhoods. It also may not be ideal for those planning a large addition in the future. The value here is in a modern, move-in-ready home, not in a fixer-upper or a property with expansive land.