Property Overview: 423 Inglewood Street, Winnipeg
Key Characteristics & Appeal
This bi-level home at 423 Inglewood Street in the King Edward neighbourhood presents a practical and efficient living option. Its key characteristic is a renovated basement, adding valuable finished space to the 783 sqft living area. The home sits on a modest 2,521 sqft lot with a detached garage. Built in 1989, it is notably newer than most homes in its immediate area and across Winnipeg, which suggests potentially fewer concerns with aging major systems compared to its century-old neighbours.
The appeal lies in its position as a relatively modern, low-maintenance property within an established community. It suits first-time buyers or investors seeking an entry point into the market with a move-in-ready basement suite potential (subject to verification), or downsizers looking for a manageable property without the upkeep of a larger lot or an older home. A thoughtful perspective is that while the living and land space are below area averages, this translates to lower utility costs and less exterior maintenance, which can be a significant long-term benefit. The assessed value is consistent with the local area, indicating a fairly priced property in its micro-market, rather than being influenced by city-wide averages that include much newer suburban developments.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 783 sqft, the living area is smaller than the average home on Inglewood Street (922 sqft) and in the King Edward neighbourhood (952 sqft). The renovated basement provides additional functional space.
2. Is the home newer than others in the area?
Yes. Built in 1989, it ranks in the top 14% for year built on its street, meaning it is significantly newer than most surrounding properties.
3. What was the previous sale price?
The home sold in July 2022. The exact sale price is not publicly listed, but available data indicates a range between $31.50k and $34.50k. The precise figure can be requested directly from the site.
4. How does the lot size impact the property?
The 2,521 sqft lot is below average for the street and neighbourhood. This means smaller outdoor maintenance but also limited space for expansions or large landscaping projects.
5. What does the assessed value tell us?
The assessed value of $26.60k is around the average for both Inglewood Street and the King Edward area, suggesting the property is valued in line with its immediate local market rather than broader city trends.