Property Overview: 229 King Edward Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1912, presents a classic character property with modernized fundamentals. Its key appeal lies in being a competitively sized and valued home within its established King Edward neighbourhood. With 1,006 sqft of living space and a renovated basement, it offers functional space that is above average for the immediate street and on par with the local area. The detached garage adds practical utility.
The home’s assessed value positions it as an accessible entry point into the market, especially for the neighbourhood. It suits first-time buyers or practical investors looking for a character home without the premium price tag of a larger or fully modernized property. A thoughtful perspective is its lot size: while the 2,899 sqft land area is modest city-wide, it is reasonably average for King Edward, suggesting lower maintenance without sacrificing outdoor space. The home’s age (114 years) means it sits among the older homes on the street, appealing to those who appreciate historic charm but should be factored in for potential upkeep.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,006 sqft, the living area is slightly above the average for both King Edward Street (~953 sqft) and the broader King Edward area (~952 sqft), offering a bit more space than many immediate comparables.
2. What is the significance of the assessed value?
The assessed value of $25,500 is around the neighbourhood average. It’s important to note that this is for taxation purposes and typically differs from market value, but it indicates the home is not an outlier in terms of municipal valuation.
3. What should I consider about the year it was built?
Built in 1912, the home is among the older third of properties on its street. Buyers should be prepared for the potential maintenance needs and layout quirks of a century-old home, but also appreciate the enduring character and construction of that era.
4. How does the lot size impact the property?
The lot is 2,899 sqft. This is smaller than the city average but fairly typical for the area. It suggests a manageable yard for upkeep while still providing private outdoor space.
5. Where can I find exact historical sold prices?
The listing service provides sold price ranges based on public data. To obtain the exact sold price history, you must request it directly via email, as this information is verified and shared manually by the platform.