Property Overview
This bi-level home at 446 King Edward Street in Winnipeg’s King Edward neighbourhood presents a distinct profile. Built in 2020, it is a notably modern property in an area of mostly older homes. Its appeal lies in its new construction, offering move-in readiness and modern building standards without the need for immediate updates. The home features a detached garage and an unfinished basement, providing a blank canvas for future expansion or storage.
The property is well-suited for first-time buyers or downsizers seeking a low-maintenance, newer home in an established neighbourhood. Its above-average assessed value for the area suggests it is a solid, quality-built asset. A key consideration is the compact land size, which is significantly smaller than most lots on the street and across the city. This means minimal yard upkeep but less private outdoor space, making it ideal for those who prioritize the home itself over the lot.
Frequently Asked Questions
1. How does the small lot size impact the property?
The land area is considerably smaller than typical lots in the neighbourhood and city-wide. This translates to very low yard maintenance, which is a benefit for some, but offers limited space for gardening, play, or future additions like a large deck.
2. Why is the assessed value higher than many area homes?
The primary reason is the home’s age. Being built in 2020 places it in the top 3% of newest homes in the area. The assessed value reflects the modern construction, materials, and systems, which compare favourably to the neighbourhood’s older housing stock.
3. What does the "unfinished basement" entail?
The basement is included in the living area square footage but is not renovated. It presents a clean, dry space with full ceiling height that a new owner can customize to suit their needs, adding significant potential value.
4. Is this a good investment compared to older homes on the street?
As a newer build, it likely requires less immediate capital for repairs (roof, furnace, etc.) than an older home. However, its price point is higher, reflecting that condition. It’s an investment in modern convenience and predictability over the character and larger lot size of an older property.
5. How accurate are the sold price ranges shown?
The ranges are based on public data. For precise historical sold prices, you must request the exact figures via email. This manual verification process ensures accuracy, as public records can sometimes be incomplete or generalized.