Property Overview: 363 King Edward Street, Winnipeg
Key Characteristics & Appeal
This 902 sqft bi-level home, built in 2012, offers a modern foundation in a mature Winnipeg neighbourhood. Its key appeal lies in its relative newness compared to most area homes, suggesting fewer immediate major repairs and contemporary building standards. The home features a renovated basement, adding functional living space. With no garage and a modest 2,897 sqft lot, it presents a lower-maintenance footprint ideal for those seeking a simpler yard and exterior upkeep.
The property’s value proposition is nuanced. Its assessed value sits above average for the local King Edward area, which may reflect its newer construction, but its living space is below the city-wide average. This positions it as a solid, modern entry-point into the neighbourhood—a practical choice rather than a sprawling one. It would suit first-time homebuyers, downsizers, or investors looking for a relatively recent build without the premium of a brand-new home. The compact lot and lack of a garage make it less suitable for those needing significant storage, multiple vehicles, or extensive outdoor space.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 902 sqft, the living area is near the average for both King Edward Street and the broader King Edward area. However, it is notably more compact than the typical Winnipeg home, which averages around 1,342 sqft.
2. What does the “above average” assessed value for the area indicate?
The assessment is in the top 17% for the King Edward area. This typically reflects the property’s younger age (2012) compared to the area’s older housing stock, where many homes were built in the mid-20th century.
3. Is the lot size a limitation?
The lot is approximately 2,897 sqft, which is smaller than most in Winnipeg and on the smaller side for its immediate street. This means less yard maintenance but also less private outdoor space and limited potential for large additions.
4. What can recent sale history tell me?
Public data shows a sale in July 2016 in the $24.5k-$27.5k range. For a precise sale price, you can request the exact history via email from the listing source.
5. Who are the most likely neighbours?
The five closest properties are all on the same block of King Edward Street, indicating a tightly-knit, established streetscape with minimal through traffic.