Property Overview: 279 Inglewood Street, Winnipeg

Key Characteristics & Appeal

This home is a classic one-and-three-quarter storey house built in 1912, offering a footprint of 1,024 square feet on a 2,523 sqft lot in the King Edward neighbourhood. It features a detached garage and a basement that is noted as being unrenovated. The data presents a property that is very much in line with its immediate surroundings. Its living area, assessed value, and land size are all around the average for Inglewood Street and the broader King Edward area, though these metrics fall below the city-wide averages. This indicates a home that is typical for its established, central neighbourhood.

The appeal here is likely one of value and potential within a stable, no-surprises context. It suits a pragmatic buyer—perhaps a first-time homeowner, an investor, or a downsizer—who is comfortable with a character home that may require updates. The unrenovated basement presents a clear opportunity to add value according to one's own taste and budget. A thoughtful perspective is that this property offers a chance to enter a mature neighbourhood without a premium price, but with the understanding that its age (older than 83% of homes on its street) means maintenance and systems should be carefully evaluated. It’s a home for someone who sees virtue in a straightforward, comparably priced property in a community of similar homes, rather than one seeking standout features or a blank slate.

Frequently Asked Questions

1. What does "one-and-three-quarter storey" mean for this house?
This is a common architectural style for homes of this era. It typically means the second floor has slightly less full-height living space than a true two-storey home, often with sloped ceilings or dormer windows, which adds character but can affect furniture placement and perceived space.

2. The assessed value seems very low compared to the recent sold price range. Why is that?
Municipal assessed value for tax purposes is often significantly lower than market value and is not a direct indicator of a home’s selling price. The sold price history from 2023 shows a market value far exceeding the assessment, which is common in many areas.

3. What should I consider about the "unrenovated" basement?
This means the basement is in its original or older state. You should budget for potential updates, consider its current functionality (laundry, storage), and importantly, investigate for any moisture issues, insulation, or foundational concerns common in century-old homes.

4. How does this home’s size compare to others in Winnipeg?
The living area is below the Winnipeg city-wide average (1,342 sqft). However, it is very typical for its specific neighbourhood and street, where homes are older and more modestly sized. This is a home for efficient living, not expansive space.

5. The lot seems smaller than the city average. Is outdoor space limited?
Yes, the lot is below the city-wide average. However, at 2,523 sqft, it is still a usable size for a garden, patio, or play area, and is actually quite standard for the King Edward neighbourhood, where lots are generally more compact.