Property Overview: 201 Hampton Street, Winnipeg
Key Characteristics & Appeal
This is a substantial, century-old home (built 1913) in Winnipeg's King Edward neighbourhood, offering space and character. Its primary appeal lies in its generous proportions. With over 2,000 square feet of living space, it ranks in the top 3% of homes on its street and the top 1% within King Edward for size, offering significantly more room than typical area homes. It sits on a larger-than-average lot for the area (over 5,000 sq ft), providing valuable outdoor space.
The home suits buyers looking for a project with good bones in a central location. It’s ideal for someone who values the potential of an older character home and has the vision—and possibly the budget—for updates or a thoughtful renovation. The recent sale history suggests it’s seen appreciation, and its assessed value is above average for its immediate surroundings, indicating it’s perceived as a solid property within its context. A key, less obvious perspective is that while its size is elite locally, its city-wide assessment is average, which may represent an opportunity for a buyer who believes in the intrinsic value of the neighbourhood and the house's footprint.
Frequently Asked Questions
1. What does the "Two & 1/2 Storey" building type mean?
This typically describes a home with two full floors of living space and a third, usable level under a sloped roof (like finished attic spaces or smaller top-floor rooms), which contributes to its high square footage.
2. The home was built in 1913. What should I consider?
While offering classic charm and sturdy construction, a home of this age will likely require careful attention to foundational upkeep, historical wiring or plumbing updates, and window efficiency. A thorough inspection is essential.
3. How does the sold price history work?
The listed price ranges are estimates based on public data. To obtain the exact historical sale prices, you must request them via email from the site. This is a manual process they use to verify serious inquiries.
4. There's no garage. Is that common here?
Yes. The listing notes no garage, which is not uncommon for older homes in central Winnipeg neighbourhoods. The large lot size, however, may offer potential for adding off-street parking or a garage, subject to local zoning.
5. The assessed value seems low compared to the sold price. Why?
Municipal assessed value for tax purposes often lags behind market value and is calculated using a specific formula. The recent sold price is a clearer indicator of current market value, as shown by its sale in early 2023 for significantly more than the assessment.