Property Overview: 288 Inglewood Street, Winnipeg

Key Characteristics & Appeal

This 1978 bi-level home at 288 Inglewood Street in the King Edward neighbourhood presents a practical and efficient living space. With 769 sqft of living area, it is a compact home, smaller than most in the city but closer to the average for its immediate street and area. Its standout characteristic is a recently renovated basement, adding modern, functional space. The property sits on a modest 2,518 sqft lot, which means lower maintenance but less private outdoor space.

The appeal lies in its balance of updates and manageability. It is a home for those who prioritize a modernized interior and a simpler footprint over sheer size. The assessed value is notably strong for both the street and the neighbourhood, ranking in the top 23%, which suggests the property is well-regarded relative to its local peers. A less obvious perspective is that its 1978 build date makes it a newer construction compared to many heritage homes in the area, potentially offering more contemporary infrastructure while still fitting into an established community. This home would suit first-time buyers, downsizers, or investors looking for a turnkey, low-maintenance property without the upkeep of a larger yard or an older structure.

Frequently Asked Questions

1. How does the living space compare to nearby homes?
At 769 sqft, the living area is below the Winnipeg city average but is more aligned with the scale of homes on Inglewood Street itself. It’s a compact layout, efficient for individuals, couples, or small families.

2. What does the "renovated basement" include?
The listing confirms the basement has been renovated, but specific finishes and the scope of work (e.g., legal suite, recreation room, etc.) are not detailed. This would require clarification with the listing agent or through a viewing.

3. Is the assessed value a reliable indicator of the selling price?
The assessed value of $30,400 is a municipal valuation for tax purposes. Notably, it ranks well above average for the street and neighbourhood. However, market conditions, the home’s updated condition, and buyer demand will ultimately determine the final sale price.

4. What are the implications of the smaller lot size?
The 2,518 sqft lot is below average for the area, meaning less yard for gardening or recreation but also significantly reduced maintenance. It could be a benefit for those seeking a lock-and-leave lifestyle or who prefer low outdoor upkeep.

5. How does the 1978 build year affect the home?
Built in 1978, this home is newer than many in King Edward. This can mean more modern construction standards, wiring, and plumbing compared to century-old homes, though it would still benefit from a thorough inspection for any age-related updates needed (e.g., roof, windows).