Property Overview: 444 King Edward Street, Winnipeg
Key Characteristics & Appeal
This bi-level home at 444 King Edward Street is a notably modern property in a neighborhood of mostly older homes. Built in 2023, it is newer than over 99% of homes in the King Edward area and citywide. With 1,042 sqft of living space, it offers above-average interior space for its immediate street and neighborhood. The home sits on a compact, city-sized lot of 2,642 sqft, which is smaller than most in the area but translates to lower maintenance. It features a basement (not renovated) and has no garage or pool.
The primary appeal lies in its modern construction, offering move-in readiness and contemporary building standards without the premium often attached to new builds in newer subdivisions. Its assessed value is strong for the local area, ranking in the top 29% on its street and top 12% in the King Edward neighborhood, suggesting it is viewed favorably relative to its peers. Recent sold price data indicates steady appreciation.
This property would suit a first-time homebuyer or a downsizer seeking a modern, low-maintenance home in an established neighborhood. It’s also a practical choice for an investor looking for a newer asset with potentially lower immediate repair costs. The compact lot may appeal to those who prefer less yard work, but it may not suit those needing extensive outdoor space or parking for multiple vehicles.
Frequently Asked Questions
1. What are the main advantages of this home compared to others in King Edward?
Its standout feature is its age. Being built in 2023, it is among the newest homes in the area, which typically means modern infrastructure, energy efficiency, and fewer immediate renovation needs compared to the neighborhood’s older housing stock.
2. The lot size is noted as "below average." How significant is this?
The lot is compact, especially compared to others on King Edward Street. This means a smaller yard, which is a trade-off: it requires less maintenance but also offers less private outdoor space. It aligns more with a low-maintenance, city-living lifestyle.
3. How has the property’s value changed over time?
Public sold price ranges show significant appreciation from late 2020 to late 2023, and another increase by mid-2024. This trend suggests the property has been gaining value steadily in the recent market.
4. What should I consider about not having a garage?
The lack of a garage means relying on street parking or the possibility of adding a driveway, subject to city bylaws. For some buyers, this is a minor inconvenience in exchange for the home’s modernity; for others, it could be a deal-breaker, especially in winter.
5. The basement is noted as "not renovated." What does this imply?
It means the basement is unfinished or in a basic, utilitarian state. This presents both a cost and an opportunity: you would need to invest to finish it, but you can also customize the space to your needs without undoing someone else’s work.