Property Overview
This one-storey home at 294 Amherst Street presents a practical opportunity in Winnipeg's King Edward neighbourhood. Its key appeal lies in a balance of a renovated basement, a detached garage, and a lot size that is notably above average for the immediate area. At 790 sqft, the living space is compact, ranking around the middle for Amherst Street but below the wider city average, indicating a home focused on essentials rather than spaciousness.
The property suits first-time buyers, downsizers, or investors looking for a solid, no-frills entry into the market. Its assessed value is strong for both the street and neighbourhood, suggesting it is well-regarded relative to its local peers. A thoughtful perspective is that this home offers the benefits of a mature, established area without the premium often attached to larger or newer homes, positioning it as a value-conscious choice. The above-average land area for King Edward also provides valuable outdoor space or future potential that is less common in the neighbourhood.
Frequently Asked Questions
How does the home's size compare to others?
At 790 sqft, the living area is around average for Amherst Street itself but is below the average size for both the broader King Edward neighbourhood and the city of Winnipeg. This indicates a more compact, efficient layout.
What does the assessed value tell us?
The assessed value of $29,500 ranks in the top 20-30% for both Amherst Street and the King Edward area, meaning it is considered above average compared to its closest peers. City-wide, however, it falls below average, reflecting the home's more modest size and the neighbourhood's overall affordability.
Is the lot size a significant feature?
Yes. The land area of 4,694 sqft ranks above average for the King Edward neighbourhood. This means the property offers more outdoor space than many nearby homes, which can be a notable advantage for privacy, gardening, or future projects.
What is the significance of the sold price history?
The home sold in March 2021 for between $31,500 and $34,500. This historical data provides a benchmark for its market value at that time, which was well above its assessed value, indicating strong buyer interest.
Who would this property best suit?
It is ideally suited for a pragmatic buyer—such as a first-time homeowner, an investor, or someone downsizing—who prioritizes a renovated basement, a detached garage, and a generous lot in a mature neighbourhood over having a large amount of interior living space.