Property Overview: 433 Inglewood Street, Winnipeg

Section 1: Key Characteristics & Appeal

This is a modest, one-storey home in Winnipeg's King Edward neighbourhood, built in 1913. With 664 square feet of living space and a 2,521 sqft lot, it is notably compact and sits on a smaller parcel compared to most homes on its street and across the city. The property features a basement (not renovated) and has no garage or pool.

Its primary appeal lies in its accessibility and potential. The assessed value is significantly below averages for the area, positioning it as one of the most affordable entry points into the Winnipeg market. This isn't a move-in-ready showcase home; its value is rooted in its foundational utility and opportunity. It would suit a first-time buyer comfortable with a project, an investor looking for a straightforward rental property, or someone seeking a minimal footprint with lower carrying costs. A thoughtful perspective is its location on a street with very similar, closely spaced homes—this suggests a stable, established streetscape, but also means any future value growth will be closely tied to the collective upkeep of the immediate block.

Section 2: Frequently Asked Questions

1. What does the ranking data (e.g., "Top 91%") actually mean for this home?
It means that for a specific metric (like living area), this property falls within the smaller or older portion of homes compared to its peers. For example, "Top 91%" for living area means approximately 90% of comparable homes in the city are larger. This quantifies the home's compact and below-average size relative to the market.

2. Is the basement finished or usable?
The listing specifies the basement exists but is "not renovated." Buyers should anticipate an unfinished space that may require significant work for comfortable living or storage use.

3. How recent is the sold price history shown?
The last recorded sale appears to be in May 2021, with a public data range of $16.5k to $19.5k. For the exact sale price, you must request it directly from the site via email.

4. What are the implications of such a low assessed value?
While it suggests lower property taxes, a value this far below city and area averages often indicates a home that is functionally basic, requires updates, or is valued primarily for its land. It's crucial to distinguish between assessed value for taxation and current market value.

5. The home is over 110 years old. What should I be most concerned about?
While systems like roofing, plumbing, and wiring may have been updated over time, a home from 1913 warrants a particularly thorough inspection. Focus should be on the foundation, structural integrity, and the condition of any original materials, alongside verifying the compliance and capacity of all major mechanical systems.