Property Overview: 665 Hamilton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This single-storey home on a spacious 5,490 sqft lot in Buchanan presents a practical opportunity, particularly for value-focused buyers. Its primary appeal lies in its above-average land size for the immediate street and a recently renovated basement, adding functional living space to the 1,072 sqft main floor. Built in 1975, it is newer than many homes in the broader Buchanan area.
The property suits first-time buyers, investors, or downsizers seeking a solid foundation with room to grow or customize. Its assessed value ranks well on its street, suggesting a relatively strong underlying value proposition for the location. A thoughtful perspective is that the generous lot offers potential for future expansion, gardening, or outdoor living—a valuable asset not immediately reflected in the living area square footage. The recent sale in late 2023 provides a clear and current market benchmark.
Section 2: Frequently Asked Questions
1. What does "above average" for land area on the street mean?
The lot size of 5,490 sqft is larger than 74% of comparable properties on Hamilton Avenue, where the average is about 4,634 sqft. This is one of the home's standout features.
2. How recent was the basement renovation?
The listing confirms the basement is renovated, but the specific year or scope of the renovation is not detailed in the provided data. This would be a key question for the listing agent.
3. Is there parking or a garage?
The listing specifies there is no garage. Buyers should inquire about driveway space or on-street parking regulations.
4. How does the sale price compare to the assessed value?
The home sold for $30,500 in November 2023, which is below its current assessed value of $32,300. This can sometimes indicate a quick sale or a buyer's market at the time.
5. What are the homes like in the immediate vicinity?
The nearby properties on Hamilton Avenue are of similar vintage and scale. For reference, the directly neighbouring home at 622 Hamilton is slightly smaller (792 sqft) and has a slightly lower assessed value, suggesting consistency in the streetscape.