Property Overview
This two-storey home at 295 King Edward Street in Winnipeg’s King Edward neighbourhood presents a distinct profile. Built in 2017, it is a notably modern property in an area predominantly composed of older homes. With 1,273 sqft of living space and a renovated basement, it offers above-average interior space for both the immediate street and the broader neighbourhood. Its assessed value is well above local averages, reflecting its newer construction and updated condition. However, the land size is relatively compact compared to many city properties, which is typical for newer infill developments in established areas.
The appeal lies in acquiring a low-maintenance, turn-key home without the quirks or deferred maintenance often found in older houses. It suits buyers seeking a modern layout and finishes in a mature, central neighbourhood, particularly first-time homeowners or downsizers who prioritize interior space and contemporary amenities over a large yard. A less obvious perspective is its investment in "new infrastructure" (plumbing, wiring, HVAC) within an older community, potentially offering long-term reliability and energy efficiency advantages.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value ranks in the top 5% within the King Edward neighbourhood and top 20% on its specific street, indicating it is valued significantly higher than most nearby properties, largely due to its recent build year.
2. Is the lot size a concern?
The land area is smaller than the average for both the street and the city overall. This is common for newer infill homes and means lower exterior maintenance, but it also limits expansive outdoor space or large garden potential.
3. What are the implications of it being built in 2017?
As a home built just 9 years ago, it is among the newest in the area. This typically translates to modern building codes, newer major systems (like roof and furnace), and contemporary floor plans, but it may also carry a different architectural character than the neighbourhood's traditional homes.
4. There’s no garage. Is parking available?
The listing specifies no garage. Buyers should investigate on-street parking permits, regulations, and typical availability directly with the city or through neighbourhood observation.
5. The sold price history shows a sale in 2017. What does that indicate?
The home was sold shortly after being built, likely from builder to first owner. The price range from that sale provides a baseline, but current market value will be influenced by factors like recent upgrades, market conditions, and the property’s maintained condition over the past 9 years.