286 Hampton Street

Property Overview: 286 Hampton Street, Winnipeg

Key Characteristics & Appeal

This is a compact, one-storey home built in 1918, situated on a modest lot in the King Edward neighbourhood. Its key features include a 917 sqft living area and a detached garage. The home presents as a functional, no-frills property, with an unrenovated basement.

Its primary appeal lies in its affordability and value as an entry point into the Winnipeg market. The assessed value is notably below average for the city, street, and neighbourhood, suggesting a lower property tax burden and an accessible price point. It suits first-time buyers, investors, or downsizers seeking a straightforward, low-maintenance footprint without the premium for larger lots or modern renovations. A thoughtful perspective for the right buyer is viewing the unrenovated basement not as a drawback, but as a blank canvas to be finished according to their own needs and timeline, without paying for someone else's potentially dated improvements.

Frequently Asked Questions

1. Is this a good value for the area?
Based on the data, the home's assessed value is below average for King Edward, the street, and the city. This typically indicates a lower purchase price and property taxes, which can represent strong value for budget-conscious buyers.

2. What does the "unrenovated basement" mean?
This indicates the basement is in original or functional condition but has not been modernized or professionally finished. It offers usable space but will likely require investment to create a modern living area, recreation room, or rental suite.

3. How does the lot size compare?
The land area of 2,390 sqft is smaller than most lots on the street and in the wider city. This means lower exterior maintenance but less private outdoor space compared to many other properties.

4. What can the sold price history tell me?
The home sold previously in September 2020 for an estimated range of $19.5k to $22.5k. This historical data is useful for understanding market trends, but the current market value will be determined by present conditions.

5. Who should consider this property?
It's best suited for practical buyers prioritizing location and affordability over size and move-in-ready finishes. It's a candidate for those comfortable with a project, whether immediate or long-term, and who value the potential of a detached garage and a basement to customize.