Property Overview: 379 Inglewood Street

Section 1: Key Characteristics & Appeal

This one-storey home on Inglewood Street is a modest, century-old property (built in 1918) that presents a clear value proposition centered on land and location rather than the dwelling itself. Its key characteristic is a significant disconnect between the home's size and the lot it sits on. With a living area of just 600 sq ft, the house is notably compact, ranking in the bottom 3% for size both on its street and in the wider King Edward neighbourhood. However, it sits on a 3,786 sq ft lot, which is above average for the immediate area, offering a generous outdoor space that is rare for the price point.

The primary appeal lies in its ultra-low financial barrier to entry, evidenced by a very low assessed value and recent sold prices. This makes it one of the most accessible homeownership opportunities in Winnipeg. It suits a very specific type of buyer: an investor looking for a land-value play or a rental property, or an extremely hands-on owner-occupant who is prepared for a significant renovation or rebuild project. The detached garage adds practical utility. A less obvious perspective is that this property acts as a strategic entry into the King Edward neighbourhood, allowing a buyer to establish an address in the area with the future potential to improve or replace the existing structure, essentially paying for land now and a home later.

Section 2: Frequently Asked Questions

1. Is this a "tear-down" property?
While the home is small and the basement is noted as "not renovated," it is still a functional dwelling. Whether it's a candidate for demolition depends entirely on the buyer's goals, budget, and the feasibility of renovating a 108-year-old structure versus building new.

2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the current state and size of the improvement (the house) combined with the land value. The very small, aged home significantly limits the total assessment, making it low relative to the typical Winnipeg house.

3. What does the "below average" ranking for living area mean in practical terms?
Ranking in the bottom 3-4% for size means this is one of the smallest homes you will find. The 600 sq ft layout will be functionally limited, likely with few rooms and compact living spaces, requiring efficient use of space or plans for an addition.

4. Who would benefit most from the large lot size?
The above-average lot is the property's standout feature. It benefits anyone valuing private outdoor space, gardening, or future expansion. For an investor or future homeowner with renovation plans, it provides valuable "breathing room" and options that smaller lots do not.

5. The sold price history shows a wide range (e.g., $14.5k–$17.5k). What does this mean?
This range is based on public data estimates. The exact sold price is available upon request from the site. The narrow, low range itself indicates a very stable and low price point for this property over recent years, consistent with its status as a fixed-value asset.