Property Overview: 320 Inglewood Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in King Edward presents a solid, above-average offering for its immediate area. Built in 1950, it features 1,227 sqft of living space and sits on a 4,027 sqft lot, both metrics ranking well above the street and neighbourhood averages. A key feature is its renovated basement, adding functional living space. The home is complemented by a detached garage.

Its primary appeal lies in its strong positional value within a established community. The data shows it consistently outperforms local benchmarks for living area, land size, and assessed value, suggesting a property that stands out positively among its closest peers. This isn't a sprawling new build, but a well-sized home on a good lot for the area, offering a sense of space and investment that exceeds many surrounding properties.

This home would suit practical buyers looking for a move-in-ready foundation in a mature neighbourhood—particularly first-time homeowners or small families who value indoor and outdoor space over a brand-new construction. It’s also a sensible choice for the value-conscious buyer who appreciates a home that already shows well in comparative market data, indicating a history of above-average maintenance or updates relative to its immediate competition.

Section 2: Frequently Asked Questions

1. How does this home truly compare to others nearby?
The data indicates it is consistently above average for King Edward and Inglewood Street specifically, particularly in living space, lot size, and assessed value. It offers more house and land than many of its neighbours, which is a less obvious but significant advantage in an older area.

2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. This is a key point for clarification, as it could range from updated finishes to the addition of legal secondary suite potential, significantly impacting the home's utility and value.

3. The last recorded sale was in 2017. Why is that important?
The 2017 sale provides a historical price anchor, but the substantial gap since then means the current market value will be driven by recent neighbourhood sales, condition, and updates made over the last eight years. It underscores the need for a current professional appraisal.

4. The home is older. Should I be concerned about major systems?
Built in 1950, major components like the roof, plumbing, electrical, and foundation should be a primary focus for inspection. The renovated basement is a positive sign, but a thorough inspection is essential to understand the condition of original elements that may lie behind updated surfaces.

5. How does the detached garage and lot size add value?
The detached garage offers flexible storage or workshop space. The lot size, which is larger than many on the street, provides valuable outdoor space and potential for gardening, recreation, or future expansion like a shed or deck, which is a premium in urban neighbourhoods.