Property Overview & Key Characteristics
This one-storey home at 283 Amherst Street in Winnipeg's King Edward neighbourhood presents a practical, no-frills opportunity. Its key appeal lies in its solid positioning within its immediate context. At 790 sqft, the living space is modest but typical for Amherst Street, offering a manageable footprint. The property stands out with a larger-than-average lot for the King Edward area (4,697 sqft), providing valuable outdoor space and potential. A recently renovated basement adds functional living area. Built in 1941, the home is of a common vintage for the street and area.
The property would suit first-time buyers or pragmatic investors looking for an entry point into the market without the upkeep of a larger home. Its assessed value is consistently around the average for both the street and the neighbourhood, suggesting a stable, unexaggerated valuation. A thoughtful perspective is that this home offers the chance to live in a character neighbourhood without the premium often attached to fully updated historic homes, placing the value on land and location over finishings.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 790 sqft, the living area is slightly below the average for the broader King Edward neighbourhood but is very typical for Amherst Street itself, ranking in the top 50% on its own street.
2. Is the lot size a significant feature?
Yes. The land area of 4,697 sqft is above average for the King Edward neighbourhood, ranking in the top 25%. This is a notable asset, providing more yard space than many comparable properties in the area.
3. What does the assessed value tell us about the property?
The assessed value (~$26,700) is consistently around the average for both Amherst Street and the King Edward neighbourhood. This indicates the property is not an outlier and is valued in line with its local peers.
4. When was it last sold and for roughly how much?
Public records indicate a sale in October 2020 for an estimated range of $23.5k to $26.5k.
5. Are there any recent upgrades mentioned?
The listing notes that the basement has been renovated, adding to the home's functional living space.