Property Overview: 440 Inglewood Street, Winnipeg

Section 1: Key Characteristics & Appeal

This bi-level home at 440 Inglewood Street in Winnipeg's King Edward neighbourhood presents a specific and practical profile. Its key characteristic is its modern age, built in 2011, making it significantly newer than most homes on its street and across the city. This suggests updated building systems and potentially lower immediate maintenance needs. The living space is compact at 849 sq ft, which is about average for the immediate area but below the citywide norm, emphasizing efficient use of space. Notably, the property's assessed value ranks above average for both the street and the neighbourhood, indicating it is viewed as a higher-value asset in its local context, despite the smaller land size.

The appeal lies in this balance of modernity and location. It suits a first-time homebuyer, downsizer, or investor looking for a relatively contemporary, low-maintenance property in an established neighbourhood without the concerns of an older home. The renovated basement adds functional living space. A less obvious perspective is that the smaller land area (2,518 sq ft) translates to less yard upkeep, which could be a perk for those seeking a lock-and-leave lifestyle or who prioritize interior condition over extensive outdoor space. It’s a home for someone who values being in a mature community but prefers the mechanics of a newer build.

Section 2: Frequently Asked Questions

1. Is this a good value for the area?
The data suggests it is a premium property within its immediate context. Its assessed value is in the top 22% for the King Edward neighbourhood, meaning it is officially valued higher than most comparable homes nearby, likely due to its newer construction.

2. What are the implications of the home being built in 2011?
This is a major advantage. It means major components like the roof, windows, furnace, and electrical are likely still within their typical lifespan, potentially saving significant upfront repair costs compared to the neighbourhood's older housing stock (average year built 1948).

3. The living area seems small. How does the layout work?
As a bi-level with a renovated basement, the 849 sq ft likely refers to the above-grade portion. The total usable living area is effectively larger, with the basement providing additional rooms or recreational space, making the footprint more practical than it first appears.

4. Who would the smaller lot size matter to?
The lot is below average in size for the street and city. This is a drawback for those wanting extensive gardening, privacy, or expansion potential. However, it benefits buyers seeking minimal yard work, lower property tax assessments tied to land value, and a more community-oriented, close-knit street feel.

5. How does this home compare to the Winnipeg market overall?
Citywide, it’s a study in contrasts. It ranks in the top 10% for being newer but in the top 87% for having a smaller living area. This highlights its niche: it’s a modern, compact home. Buyers comparing it to newer suburban builds should expect less space but a more central location in an established area.