Property Overview

This is a compact, one-storey home built in 1912, situated on a standard city lot in Winnipeg's King Edward neighbourhood. With 752 square feet of living space and an unrenovated basement, it presents as a straightforward, no-frills property. Its assessed value of $170k is notably below averages for the street, neighbourhood, and city, indicating a potentially accessible entry point into the market.

Key Characteristics & Appeal

The primary appeal of this home is its position as an affordable, low-maintenance footprint in a central location. It suits first-time buyers, investors, or downsizers seeking minimal upkeep and property taxes. Its smaller size and vintage charm offer a simpler living arrangement without the complexities of modern additions or a large yard.

A thoughtful perspective is that this property represents a "blank canvas" within a historic building envelope. While the basement is unrenovated, the main floor living area provides a manageable scope for cosmetic updates. For the right buyer, its below-average metrics are not drawbacks but features: they translate to lower carrying costs and a clear, contained project. It’s a practical choice for someone prioritizing financial efficiency and location over space and modern finishes.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city average?
The assessed value reflects specific characteristics like the home's smaller size, age, and basic condition compared to the broader city's housing stock, which includes many larger, newer, or renovated properties.

2. What does "below average" for land area mean in this context?
While the lot is a standard city size for its area, it is smaller than many lots across Winnipeg, especially those in newer suburbs. In its immediate King Edward neighbourhood, however, the lot size is quite typical.

3. Is the unrenovated basement a major concern?
It indicates a space that is functional but may require updates for modern use. It presents both a potential project and an opportunity to customize the space to a new owner's needs, factoring in the necessary investment.

4. Who would this property not be suitable for?
It would likely not suit a growing family needing multiple bedrooms and more living space, or a buyer seeking a move-in-ready home with modern amenities and finished basement space.

5. How reliable are the historical sold price ranges shown?
The ranges are based on public data. For precise historical sale figures, you can request the exact sold price via email from the listing service, which they provide manually.