358 Inglewood Street

Property Overview: 358 Inglewood Street, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2017, stands out in its established King Edward neighborhood. Its primary appeal lies in being a modern structure within a mature area, offering a balance of contemporary living and established community charm. With 1,311 sqft of living space, it is notably larger than most homes on its street and in the immediate area, providing above-average room for a growing family or those who value spaciousness.

The home’s assessed value ranks in the top tier for the street and neighborhood, reflecting its relative newness and size. It sits on a standard city lot for the area. The property features a basement (unrenovated) and does not include a garage or pool.

This home would ideally suit buyers looking for a move-in ready, newer build who want to avoid the immediate maintenance concerns of an older house. It’s also a strong fit for those who appreciate the character of established neighborhoods like King Edward but desire the modern layouts, energy efficiency, and systems of a recent construction. A less obvious perspective is its potential for a buyer who values a "blank slate" basement to customize to their exact needs, rather than inheriting a dated renovation.

Section 2: Frequently Asked Questions

1. What does the "Elite" or "Top %" ranking mean for this property?
These rankings compare this home against similar properties on its street, in the King Edward area, and citywide. For example, its 2017 build year is in the top 5% newest on the street, and its living space is larger than 92% of nearby homes, highlighting its modern and spacious attributes for the location.

2. Is the lack of a garage a significant drawback?
This depends on buyer priorities. Many homes in older Winnipeg neighborhoods lack garages. The trade-off is a classic streetscape and a larger lot area for yard space. Buyers should budget for parking considerations, such as a driveway pad or street permit, if needed.

3. The assessed value seems low compared to the city-wide average. Why?
The assessed value is for taxation purposes and is not market value. It is heavily influenced by the home's age and location. The key takeaway is that this home's assessment is elite for its specific street and neighborhood, indicating it is considered a higher-value property within that context.

4. What can be inferred from the 2017 sale price range?
The sold price from 2017 (approx. $28.5k - $31.5k) is the assessed value from that time, not a market sale. It primarily shows the home's tax assessment at its first issuance after construction, establishing a baseline. It does not reflect current market value.

5. What are the implications of an unrenovated basement?
This presents both a cost and an opportunity. While it requires investment to finish, it allows the new owner to create exactly the space they need (e.g., a rental suite, home theatre, or gym) without paying a premium for a prior owner's choices or needing to undo dated work. It's a factor to budget for, but also a chance to add personalized value.