350 Amherst Street

Property Summary: 350 Amherst Street, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home on Amherst Street in the King Edward neighbourhood presents a solid, above-average offering for its immediate area. Built in 1946, it features 1,137 sqft of living space, a renovated basement, and a detached garage on a 4,694 sqft lot. The data reveals its core appeal: it consistently outperforms local benchmarks. Its living area is in the top 18% for the street, and its assessed value ranks in the top 12% among its direct neighbours, suggesting it is a well-regarded property on its block. This positions it as a home that offers more space and perceived value than many surrounding properties.

The home would suit a practical buyer looking for a move-in-ready foundation in a stable neighbourhood. It’s ideal for a first-time homeowner or a small family who values a renovated basement for extra living space and the flexibility of a detached garage. The appeal lies in acquiring a property that stands out positively within its micro-market, offering a sense of relative value and space compared to nearby alternatives, without the premium of a city-wide "top-tier" home. A thoughtful perspective is that its strong performance on its own street and in King Edward might offer a degree of insulation from market fluctuations, as it is already a leader in its more affordable peer group.

Frequently Asked Questions

1. How does this home compare in size and value to others nearby?
The home is notably above average for its immediate area. Its living space is larger than 82% of similar homes on Amherst Street, and its assessed value is higher than 88% of its street neighbours, indicating it is a sizeable and valuable property for the location.

2. What does the sold price history indicate?
The property sold in late 2021 and earlier in 2021. The price ranges shown suggest a significant increase between the two sales, reflecting strong market appreciation at that time. For exact historical sold prices, you can request the information via email from the listing source.

3. Is the lot size a pro or a con?
The lot is a definite pro for the King Edward neighbourhood, where it is larger than 73% of comparable lots, offering good outdoor space. City-wide, it is around the average, making it a standard urban parcel.

4. What should I consider about the home’s age?
Built in 1946, it is newer than many homes on its street but older than the typical Winnipeg home. This suggests it may have more modern foundations than some neighbours but will still come with the maintenance considerations of an 80-year-old structure.

5. Who would this property not suit?
It may not suit buyers seeking a very modern, open-concept layout typical of new builds, or those prioritizing a large, premium city-wide lot. It’s a home whose strengths are most apparent when compared directly to its local surroundings rather than to newer suburban developments.