307 Amherst Street

Property Overview: 307 Amherst Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in the King Edward neighbourhood presents a practical opportunity. Built in 1941, its 906 sqft living area is notably spacious for both its immediate street and local area, ranking above average. A key feature is the generous 4,698 sqft lot, which is larger than most in King Edward, offering valuable outdoor space and potential. The home includes a renovated basement, adding functional living area.

Its primary appeal lies in its efficient use of space on a substantial lot within an established community. The assessed value positions it as a more accessible entry point into the Winnipeg market, especially when compared to the city-wide average for homes. This property would suit first-time buyers or downsizers looking for a manageable, single-level layout without compromising on yard size. It’s also a sensible fit for value-oriented investors or homeowners who see potential in the land itself and the already-updated basement, viewing the classic structure as a solid foundation for gradual modernization.

Section 2: Frequently Asked Questions

1. How does the home’s size compare to others nearby?
At 906 sqft, the living area is actually larger than the average home on Amherst Street and within the broader King Edward area, making it a relatively spacious option for the neighbourhood.

2. What is the significance of the lot size?
The lot of 4,698 sqft is a standout feature, ranking in the top 24% for the King Edward area. This means you get more outdoor space than most comparable properties, which is valuable for gardening, recreation, or future expansion.

3. The assessed value seems low compared to the city average. Why?
The assessed value is below the Winnipeg city-wide average, reflecting the home’s age, location, and the generally more affordable character of the King Edward area. This can represent a lower property tax burden and an entry point into the market.

4. Is the renovated basement a legal suite?
The listing notes a "renovated" basement but does not specify it as a legal secondary suite. Buyers should verify its current compliance with local regulations if considering rental income.

5. What can past sale prices tell me?
Public data shows a sale in 2016 for an estimated range. For exact historical sale prices, you can request the information directly via the provided email service on the listing page.