Property Overview: 410 Inglewood Street, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This one-storey home on Inglewood Street in the King Edward neighbourhood presents a specific and practical opportunity. Built in 1948, its key characteristic is a modest 700 sqft living area, which is notably compact compared to local and city averages. However, this is balanced by a generously sized lot of 4,531 sqft, which ranks well above average for the immediate street. The home features a detached garage and has no basement.

Its primary appeal lies in its efficiency and land potential. The lower-than-average assessed value reflects the home's smaller size and simpler condition, positioning it as an accessible entry point into the market. The significant lot size is a standout feature, offering ample outdoor space for gardening, recreation, or future expansion—a rarity for homes at this price point. It last sold in early 2024.

This property would best suit a pragmatic first-time buyer, an investor looking for a land-value play, or someone seeking a minimalist, low-maintenance living situation. It’s for those who prioritize location and land over interior square footage and are comfortable with a home that may require updates. The neighbourhood context suggests it's a practical choice rather than a luxury one.

Frequently Asked Questions

1. Why is the living area so much smaller than average?
At 700 sqft, this is a compact, classic one-storey home. Its size reflects post-war building trends focused on efficiency and affordability. While smaller than many modern homes, this can mean lower utility costs and less upkeep.

2. What does the "above average" land area ranking mean for me?
The lot of over 4,500 sqft is larger than most on the street. This provides valuable outdoor space and is a key asset. It offers potential for additions, a large garden, or simply more private yard space than you might expect in this price range.

3. How should I interpret the assessed value?
The assessed value is for municipal tax purposes and is not a market price. Its below-average ranking citywide aligns with the home's smaller size. It’s a useful benchmark for understanding property taxes, but a current market valuation is essential for buying or selling.

4. What can the recent sold price range (Feb 2024) tell me?
The provided range from early 2024 gives a recent benchmark for what a buyer paid. Given the stable assessed value, it indicates the home is likely in a lower, entry-level price tier. For the most accurate figure, you can request the exact sold price.

5. What are the main trade-offs with this property?
The trade-off is clear: you gain a larger-than-average lot in an established neighbourhood while accepting a home with below-average living space and no basement. It’s a fit for those who value land and location over interior square footage and are prepared for a home of this vintage.