Property Summary: 281 King Edward Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1912, presents a classic character home with modern practicality. Its key feature is a recently renovated basement, adding functional living space to the 1,182 sqft footprint. The home sits on a standard city lot with a detached garage.
The primary appeal lies in its strong positioning within the established King Edward neighborhood. The living area is notably above average for both the immediate street and the broader area, suggesting a home that offers more interior space than many of its local peers. This is balanced by an assessed value that is also above average for the area, indicating a perception of solid worth. The home suits buyers looking for a move-in ready character property with updated fundamentals (like the basement) in a mature neighborhood, who may prioritize interior space over a large yard. A thoughtful perspective is that while the lot size is smaller than many in the city, it is typical for the area, offering lower maintenance—a potential benefit for busy professionals or downsizers.
Section 2: Frequently Asked Questions
1. How does the home’s age affect it?
Built in 1912, it is older than most homes in Winnipeg. This typically means classic architectural charm but also warrants careful attention to the condition of major aging components like the roof, plumbing, and wiring during an inspection.
2. Is the living space size competitive?
Yes. The data shows the living area ranks in the top 15% within the King Edward area, meaning it offers more interior space than most comparable local homes, which is a significant advantage.
3. What does the assessed value tell us?
Its assessed value ranks above average for the King Edward area (top 18%), which generally reflects its perceived market value relative to neighbors. It’s important to note this is not a market price, but a tax assessment metric.
4. How does the lot size compare?
The lot is under 3,000 sqft, which is below the citywide average but fairly typical for the central King Edward area. This means smaller outdoor maintenance but less private yard space than you might find in suburban neighborhoods.
5. Where can I find the exact historical sale price?
The listed sale price range is based on public data. The exact sale price from August 2021 is available by request from the website via email, as noted in the property details.