Property Overview: 302 Amherst Street, Winnipeg
Key Characteristics & Appeal
This 820 sqft, one-storey home on a 4,694 sqft lot is a classic King Edward neighbourhood property, built in 1941. Its key appeal lies in its solid, no-frills foundation and its position as a manageable entry point into the Winnipeg market. The home features a renovated basement, adding functional living space.
The data reveals a property that is consistently "around average" for its immediate street and neighbourhood in terms of living space, assessed value, and age. However, a few thoughtful perspectives emerge: the lot size is notably above average for the King Edward area (ranking in the top 27%), offering valuable outdoor space or future potential relative to nearby homes. Conversely, its size and assessed value sit below the city-wide average, highlighting its role as a more affordable, compact option in the broader market.
This home would best suit first-time buyers or practical downsizers looking for a straightforward, low-maintenance property in an established central neighbourhood. It’s for a buyer who values a larger-than-average local lot and a renovated basement over modern square footage or high-end finishes, and who sees potential in a home that is fundamentally on par with its closest neighbours.
Frequently Asked Questions
1. What does the assessed value tell me about the potential purchase price?
The assessed value is for municipal tax purposes and is typically lower than market value. It indicates the home is in a lower price tier city-wide, but recent sold price ranges for the property suggest a market value in a similar, though slightly higher, range.
2. How does the living space compare to a typical home?
At 820 sqft, the living area is very close to the average for both Amherst Street and the King Edward neighbourhood. It is, however, significantly cozier than the city-wide average, confirming this is a compact, efficient home rather than a spacious one.
3. Is the larger lot size a significant advantage?
Possibly. Ranking in the top 27% for lot size in King Edward means you get more yard space than most in the area. This could be a perk for gardening, pets, or future additions, setting it apart from otherwise similar homes on smaller lots.
4. What should I know about a home built in 1941?
While the home is of average age for the area, being 85 years old means prospective buyers should pay particular attention to the condition of major aging components (like the roof, plumbing, and wiring) during an inspection, even with a renovated basement.
5. How can I find out the exact historical sold prices?
The listing service provides sold price ranges from public data. To obtain the exact figures, you must request them directly via the email system provided on the page, as this information is verified and shared manually by the service.