Property Overview: 225 Amherst Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1914, presents a classic character property with practical considerations. Its key appeal lies in its above-average living space (1,257 sq ft) for both its immediate street and the King Edward neighbourhood, ranking in the top 11% locally. This suggests a home that feels more spacious inside than many in the area. It features a detached garage and a full, unrenovated basement offering storage or future potential.
The property suits buyers looking for a solid, characterful home in an established neighbourhood without a premium price tag, as reflected in its below-average assessed value. It’s a practical choice for those who value interior space over a large yard or modern updates. A thoughtful perspective is that the home’s older vintage and unrenovated state, while requiring attention, offer a clear canvas for personalization without paying for someone else’s potentially dated renovations. The low assessment could also be appealing for property tax considerations.
Frequently Asked Questions
1. What does the assessed value tell me about the price?
The assessed value is significantly lower than both recent sale prices on the street and city-wide averages. This typically indicates the municipality’s valuation is outdated and should not be used as an expected sale price; market value is likely higher.
2. Is the living area truly larger than nearby homes?
Yes. The data shows the home’s living area ranks in the top 11% for Amherst Street and King Edward, meaning it offers more interior space than approximately 89% of comparable local properties.
3. What should I know about the “unrenovated basement”?
This means the basement is in original or functional condition but has not been modernized or finished as living space. It provides utility and storage but will likely require investment to become a family room, suite, or modern laundry area.
4. How does the property’s age factor in?
Built in 1914, it is older than most homes on its street and in the city. This brings character and likely solid construction, but also implies that core systems (plumbing, electrical, roof) may need evaluation and that any renovations should respect heritage considerations.
5. Why is the land area ranking lower than the living area ranking?
The house occupies a good portion of its lot (3,757 sq ft). While the yard is adequate and fairly typical for King Edward, the high ranking for living area confirms that the home’s interior space was prioritized in its design, making efficient use of the property.