Property Overview & Key Characteristics
This bi-level home at 241 Hampton Street in Winnipeg's King Edward neighbourhood presents a compelling mix of modern convenience and established community. Its primary appeal lies in being a notably newer construction (built in 2018) in an area of much older homes, offering move-in readiness with a renovated basement and freedom from the immediate maintenance concerns common with historic properties. With 933 sqft of living space, it sits around the average for both its street and neighbourhood, providing practical, efficient space.
The home’s assessed value stands out as above average for its immediate area, suggesting it is viewed as a premium property on its block. The lot size is standard for the local context, though smaller than the citywide average. This property would suit first-time buyers or downsizers seeking a low-maintenance, modern home without leaving a central, character-filled neighbourhood. It’s also a pragmatic choice for an investor looking for a newer asset with likely lower repair costs in a stable rental market.
Frequently Asked Questions
1. How does the 2018 build date affect this home?
Beyond the obvious benefit of newer systems and building materials, it means the home likely exceeds current energy efficiency standards compared to its neighbours, potentially resulting in lower utility costs. It also may have fewer latent issues, providing peace of mind.
2. The assessed value is high for the street. Is that good or bad?
It’s a double-edged sword. It reflects the premium for a modern home in the area, which is positive for equity. However, it typically correlates with higher property taxes, so buyers should factor that into their monthly budgeting.
3. What is the neighbourhood character of King Edward?
King Edward is a mature, central neighbourhood with a mix of historic homes and infill developments. It offers a quiet, residential feel with the convenience of being close to downtown, The Forks, and major routes. The presence of many older homes adds character but also means neighbouring properties may be at various stages of upkeep.
4. Is the living space sufficient for a family?
At 933 sqft, the space is functional but compact. The bi-level design with a renovated basement can help create distinct living zones. It would suit a small family comfortably, but those needing multiple large bedrooms or extensive storage may find it limiting.
5. There’s no garage. What are the parking options?
The property has no garage, which is common for the area. Parking would be via on-street permit parking. Buyers should confirm the specific permit requirements and typical availability with the city to ensure it meets their needs.