Property Overview: 330 Inglewood Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home on Inglewood Street in the King Edward neighbourhood presents a practical and value-oriented opportunity. Its key appeal lies in its strong positioning within its immediate area. The home is notably above average for the street and neighbourhood in several metrics: it has a larger-than-typical living area (1,120 sq ft), a more recent build year (1990), and a generous land parcel (over 5,000 sq ft). This combination suggests a home with more modern foundations and ample outdoor space relative to many older comparables nearby.

The property would suit a first-time buyer, an investor, or a downsizer looking for a solid entry into a mature neighbourhood without the immediate concerns of a century-old structure. The detached garage and full basement (noted as unrenovated) offer functional storage and future potential. A thoughtful perspective is that this home represents a "middle ground" – it’s newer than most on the block, which may mean fewer legacy maintenance issues, but it’s not a new build, keeping it in a more accessible price tier. The value is rooted in its land size and relative modernity within its context, rather than high-end finishes.

Section 2: Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The assessed value is a municipal figure for tax purposes. The sold price history shows a range from $26.5k to $29.5k in 2023, which provides a more current market benchmark. Always consult a realtor for a professional market valuation.

2. What does "basement, not renovated" imply?
It indicates the basement is functional and included in the living area square footage, but it remains in original or utilitarian condition. It presents potential for future finishing but would require investment.

3. The home ranks "around average" citywide in size and value. Is that a concern?
Not necessarily. This reflects Winnipeg’s diverse housing stock. Its "above average" rank within its desirable, established neighbourhood is often more significant for livability and resale than a citywide comparison.

4. The lot is large for the area. What are the implications?
The 5,033 sq ft lot is a standout feature, offering more private outdoor space, gardening potential, or room for additions like a shed or deck. It also may contribute to the property’s above-average assessment for the street.

5. Are there any obvious red flags from the data?
The data itself doesn’t show red flags, but it highlights areas for due diligence. The age (1990) means key components like the roof or major systems may be nearing or past their typical lifespan. An inspection is recommended to understand their condition.