Property Overview: 326 Amherst Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1941, featuring a renovated basement and a detached garage. With 826 square feet of living space, it feels typical for its immediate Amherst Street area and the broader King Edward neighbourhood. The lot size of just under 4,700 sqft is a notable highlight, offering above-average outdoor space for the King Edward area, which is a significant perk for a home of this vintage and style.
The appeal lies in its position as a grounded, no-fuss property in an established community. It’s not the largest or newest home on the market, but it presents a practical footprint with the added value of a finished basement and a generous yard. The assessed value sits above average for the street, suggesting it is well-maintained relative to its direct peers.
This home would best suit first-time buyers, downsizers, or practical investors looking for an efficient, low-maintenance property in a central Winnipeg neighbourhood. It’s for someone who values a larger private outdoor space over a large interior and prefers the character and stability of a mature area.
Frequently Asked Questions
How does the living space compare to other homes?
At 826 sqft, the living area is very close to the average for both Amherst Street and the King Edward neighbourhood. It is, however, notably smaller than the typical Winnipeg home city-wide.
Is the lot size a pro or a con?
It’s primarily a pro. While the lot is below average for Amherst Street itself, it is larger than most lots in the King Edward area and is around the city-wide average. This provides a valuable and spacious yard in a central neighbourhood.
What does the above-average assessed value on the street indicate?
It generally suggests the property is in good condition or has features (like the renovated basement) that make it more valuable than many of its immediate neighbours. It’s a positive indicator of its relative standing on the block.
What is the home’s likely price range based on recent sales?
Based on the last known sale in early 2020 (in the $26.5k-$29.5k range) and current assessed value of $28.5k, the price is positioned in the lower tier of the Winnipeg market. It represents a very accessible entry point.
Who might this property not suit?
It may not suit buyers looking for a modern, open-concept layout or those needing multiple bedrooms on one level. The one-storey design with a basement suite potential is better configured for flexible living arrangements than for a large, growing family needing ample main-floor space.