Property Overview: 374 Amherst Street
Key Characteristics, Appeal & Ideal Buyer
This two-storey home, built in 2024, is a modern offering in Winnipeg's King Edward neighbourhood. Its primary appeal lies in its new construction status and above-average interior space. With 1,388 sqft of living area, it ranks within the top 6% of homes in the local area for size, providing more room than most nearby comparables. It features a renovated basement, adding to its functional space. The assessed value is notably high for its immediate street and neighbourhood, placing it in the top 2%, which signals strong perceived value relative to its surroundings.
However, the property presents a clear trade-off: the land area is compact at 2,347 sqft, ranking in the bottom 4% on its street. This makes it ideal for buyers who prioritize a modern, low-maintenance home with generous interior square footage over a large yard. It would suit a professional, small family, or downsizer seeking a turn-key property in a central location without the upkeep of an older home or a large lot. The recent sale history suggests stable value in a market where new builds are uncommon.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The data suggests it is a premium property within King Edward. Its assessed value is in the elite top 2% for the area, and it sold for a price significantly above the street's average assessed value. You are paying for a modern home in a neighbourhood of predominantly older houses.
2. What are the implications of the smaller lot size?
The lot is significantly smaller than most in the area. This means minimal exterior maintenance but also limited private outdoor space. It's a practical choice for those who don't want yard work, but not for those wanting extensive gardens, play areas, or future expansions.
3. How does the living space compare to a typical Winnipeg home?
City-wide, its living area is just above average. Its standout comparison is locally—it offers substantially more interior space (top 6%) than other homes in the King Edward area, where the average is under 1,000 sqft.
4. There's no garage. Is street parking readily available?
The listing notes no garage. Given the dense, central neighbourhood and compact lot, prospective buyers should investigate on-street parking permits, regulations, and typical availability directly with the city.
5. The home is only two years old. What does that mean for me?
A 2024 build likely means modern building codes, energy efficiency, and minimal immediate repair costs. It also typically comes with the remainder of a new home warranty, a significant advantage over the area's century-old housing stock.