Property Overview & Appeal
267 Amherst Street is a well-situated, one-storey home in Winnipeg's King Edward neighbourhood. Its key characteristic is strong relative value within its immediate area. The home sits on a decent-sized lot (just under 4,700 sqft) that is above average for King Edward. While its living space (884 sqft) is modest citywide, it is actually above average for Amherst Street itself, indicating it fits well within the local context of homes.
The appeal lies in its positioning as a competitively updated property in a stable setting. It features a renovated basement and a detached garage. The data suggests it's a home that has been maintained and assessed at a value that outperforms many of its direct neighbours and area peers, hinting at good condition or improvements. It would suit first-time buyers, downsizers, or investors looking for a manageable, single-level home with a solid foundation in a neighbourhood where it stands out positively against comparable properties. A thoughtful perspective is that it offers the benefits of a mature, established street where the home itself is newer than most, potentially reducing some concerns about very old infrastructure.
Frequently Asked Questions
1. How does this home really compare to others nearby?
The data shows it ranks highly on its own street and in the King Edward area for assessed value and living area, meaning it is considered above average compared to its closest peers, though it is a more modest size compared to the Winnipeg average.
2. What does the sold price history indicate?
The home has sold twice in recent years (2017 and 2024). The latest sale price range shows significant appreciation, suggesting strong market demand for updated properties in this location.
3. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its permitted use with the city if considering a rental income opportunity.
4. What are the implications of the home being built in 1950?
Built in 1950, this home is newer than many on its street and in the area. This can be an advantage, potentially meaning updates to original building systems are more recent or that it benefits from slightly modernized construction standards of the post-war era.
5. Why is the citywide assessed value comparison so different?
The assessed value is strong locally but below the citywide average because the average Winnipeg home is significantly larger and may be in newer suburbs. This highlights the property's value within its established, inner-city neighbourhood context rather than in a city-wide comparison.