Property Overview
83 Hamilton Avenue is a 4-level split home built in 1976, situated on a 3,882 sqft lot in Winnipeg's Heritage Park neighbourhood. With 1,296 sqft of living space, it features a basement that is noted as being unrenovated. The property has no garage or pool. Its current assessed value is $25,500.
Key Characteristics & Appeal
This home presents a specific value proposition. Its living space is notably above average for its immediate street and is competitive within the broader neighbourhood and city. The year built also suggests it is relatively newer than many comparable homes in the area. The primary appeal lies in its very low property tax burden, as indicated by the assessed value which is significantly below averages for the street, neighbourhood, and city. This makes for predictable, lower annual holding costs.
It would suit a practical, value-conscious buyer—perhaps a first-time homeowner or an investor—who is comfortable with a home that may require updates. The unrenovated basement represents both a cost-saving on the purchase price and a blank canvas for future improvement. The property is less suited for those seeking a turn-key home or who prioritize a large yard, as the lot size is below the neighbourhood average.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
Assessed value for municipal taxes is not the same as market value. A low assessment typically results in lower property taxes, which is a financial advantage for the owner. The exact reasons for a specific assessment are determined by the municipal assessor.
2. What does "basement not renovated" imply?
This indicates the basement is in a functional but likely basic condition. It may have unfinished or dated finishes, and could represent an opportunity for the buyer to renovate to their own taste, factoring that potential cost into their offer.
3. How does the 4-level split layout affect living?
This classic design offers good separation of living and sleeping areas across multiple half-levels. It can provide privacy and defined spaces, but may involve more stairs than a bungalow or two-storey layout, which is a consideration for some buyers.
4. With no garage, what are the parking options?
The property listing indicates no garage. Buyers should verify on-site parking arrangements, such as a driveway or on-street permit parking, with the listing agent or through a viewing.
5. The last sold price shown is a range from 2019. How do I find the exact price?
As noted in the data, exact sold prices are provided by request via email from the source website. This is a common practice to ensure accuracy and user engagement.