Property Overview
205 Amherst Street is a compact, one-storey home built in 1918, situated on a modest lot in Winnipeg's King Edward neighbourhood. Its primary appeal lies in its position as an accessible entry point into the market, offering a lower assessed value than most homes in the city. The house presents a straightforward, no-frills opportunity: it has a functional basement and basic living space, but no garage or pool. Its recent sale history suggests it is priced for buyers seeking utility and location over size or modern finishes.
This property would suit a first-time buyer, an investor looking for a rental property, or someone seeking a minimalist footprint. It’s for those comfortable with a home that is older and smaller than average for the area, and who see potential in its foundational value rather than immediate move-in readiness. A thoughtful perspective is that its smaller lot and living area translate to lower maintenance costs and taxes, which can be a significant long-term advantage for budget-conscious owners.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's smaller size (792 sq ft), older age, and the characteristics of the immediate area. It indicates a property that is more modest in scale and condition compared to the typical Winnipeg home.
2. What does the ranking data mean for "Living Area" and "Land Area"?
The data shows this home is smaller than most. Its living space is around the middle of the pack for its own street, but its lot size is in the bottom tier compared to neighbours, the King Edward area, and the city overall. This highlights its compact nature.
3. The home sold recently in 2024 and 2016. What does that indicate?
The recent sale activity suggests it is a property that turns over periodically, often a sign of a home used as a starter property or a long-term rental. The sold price ranges are consistent with a lower-valued asset in the market.
4. Is the basement finished?
No. The listing specifies the basement exists but is "not renovated," meaning it is in a functional, likely unfinished state.
5. Who would this home not be suitable for?
It would not suit buyers looking for move-in-ready condition, modern amenities, generous space, or a large yard. Families needing multiple bedrooms or those wanting a property with high-end finishes would likely find it too limited.