Property Overview: 230 Amherst Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Amherst Street is a practical entry point into Winnipeg’s King Edward neighbourhood. Its key characteristic is balance: at 728 sqft with a renovated basement, it offers compact, updated living space. The standout feature is the land—a 4,695 sqft lot that is notably larger than many in the immediate area, offering valuable outdoor space and potential. Built in 1940, the home is typical for its street but sits on a property that ranks above average for lot size within the neighbourhood.
The appeal lies in its affordability and lot value. With an assessed value significantly below both the city average and many nearby homes, it represents a lower financial barrier to entry. This isn’t a sprawling property, but the generous lot provides a sense of space and opportunity that is uncommon for the price point. It would suit first-time buyers, downsizers looking for minimal upkeep, or investors seeking a rental property with a stable, established neighbourhood character. The renovated basement adds functional living space, making the smaller main floor footprint more versatile.
Section 2: Frequently Asked Questions
1. Is the house smaller than average?
Yes. The living area is below the average for both the King Edward neighbourhood and Winnipeg overall. This is reflected in its accessible price point.
2. What is the biggest advantage of this property?
The land size. The lot is over 4,600 sqft, which is larger than many lots in King Edward. This provides more yard space and is a key value driver for the property.
3. How does its value compare to neighbours?
Its assessed value is below the average for Amherst Street itself and for the city, but is around the typical mark for the broader King Edward area. This suggests it is priced in line with neighbourhood affordability.
4. What is the neighbourhood like?
King Edward is an established, central Winnipeg neighbourhood. The property rankings indicate homes here are generally older and more modest in size compared to the citywide average, suggesting a character of mature, compact communities.
5. Who might this property not suit?
It may not suit buyers looking for a large, modern interior without expansion work, or those wanting a home with above-average assessed value for investment prestige. The living space is efficient rather than expansive.