Property Overview: 302 Hampton Street, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a compact, one-storey home built in 1918, situated on a modest lot in the King Edward neighbourhood. Its key characteristic is its scale: with 753 sqft of living space, it is notably smaller than most homes on its street, in the area, and across Winnipeg. The assessed value is significantly below the city-wide average, reflecting its size and age. A positive feature is a renovated basement, adding functional space. There is no garage or pool.
The primary appeal lies in its affordability and efficiency. It represents a very accessible entry point into homeownership, with utility costs and maintenance likely to be proportionally lower due to the smaller footprint. It suits a specific type of buyer: first-time purchasers or investors seeking a straightforward, no-frills property. It would also appeal to downsizers or individuals who prioritize minimal upkeep and a manageable living space over roominess. A less obvious perspective is that a home of this vintage and scale offers a tangible connection to the city's early 20th-century housing stock, providing a unique sense of history that newer, larger homes cannot.
Frequently Asked Questions
1. Is the sold price history accurate?
The figures shown are estimated ranges from public data. For the precise sale price, you must request it via email from the site. They provide this detail manually and promise a reply by the end of the same day.
2. How does the home's size compare practically?
At 753 sqft, the living area is approximately 25-45% smaller than the average home on Hampton Street and in the King Edward area. This indicates efficient, compact living rather than spacious rooms.
3. What does the assessed value tell us?
At $21,100, it is far below the Winnipeg average, which is typical for a home of this size and age. It suggests property taxes would be relatively low, but it's crucial to distinguish this from market value, which is determined by current buyer demand.
4. Are there any notable features or drawbacks?
The renovated basement is a functional asset, adding usable space. The lack of a garage and the smaller lot (2,386 sqft) mean limited private outdoor space and off-street parking, which are important considerations.
5. How is the "ranking" information useful?
The percentile rankings (e.g., "Top 87%") show how this property compares to peers. For living area, it ranks in the bottom 13% on its street, meaning 87% of nearby homes are larger. This quantifies its position as a smaller, more affordable option in its immediate context.