Property Overview: 338 Inglewood Street
Section 1: Key Characteristics & Appeal
This is a modern, renovated bi-level home built in 2020, offering a low-maintenance living space of 939 sqft with a finished basement. Its primary appeal lies in its contemporary construction within the established King Edward neighbourhood, providing a move-in-ready home without the concerns of an older property. The home’s assessed value ranks well above average for its immediate area, suggesting quality updates and solid investment potential.
The property suits first-time buyers or downsizers seeking a modern, efficient home in a central Winnipeg location. Its smaller land footprint means less yard work, which is a practical advantage for those wanting a simpler lifestyle. A thoughtful perspective is that this home represents a balance: you get the modern systems and layout of a new build, but within the mature streetscape of a long-standing community, potentially offering the best of both worlds.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to the area?
At 939 sqft, the living area is very close to the average for both Inglewood Street and the wider King Edward neighbourhood, making it a typical-sized home for the area.
2. Why is the assessed value higher than many neighbours?
The assessed value is in the top 18% for the street, largely due to the home's recent build year (2020) and renovated condition, which significantly increase its value compared to the area's older housing stock.
3. What should I know about the lot size?
The land area is smaller than most lots on the street and in the city. This translates to minimal exterior upkeep but less private outdoor space, which is a key trade-off to consider.
4. Is this a good investment compared to the city overall?
City-wide, the assessed value is around the average, while the home is newer than roughly 97% of Winnipeg properties. This indicates you are purchasing a much newer-than-average asset, which can be advantageous for long-term maintenance costs.
5. What is the recent sales history?
The home sold previously in 2020 and 2022. The increase in sale price between those dates was significant, reflecting the strong market for modernized homes. Exact sold prices are available upon request.