Property Overview: 381 Amherst Street, Winnipeg
Key Characteristics & Appeal
This two-storey home on Amherst Street presents a compelling opportunity in Winnipeg's King Edward neighborhood. Its primary appeal lies in offering above-average space and value within its immediate context. With 1,568 sqft of living area, the home is significantly larger than most on its street and in the local area, placing it in the top tier for size. It sits on a generous 4,701 sqft lot, providing ample outdoor space that is also above the local norm. The assessed value is proportionally higher than nearby homes, reflecting its relative stature.
The home suits practical buyers looking for established character and space without a premium city-wide price tag. It’s ideal for someone who values a strong position within a specific community—enjoying a home that stands out locally for its size and lot—rather than competing in the broader city market. The detached garage and full basement add functional utility. A thoughtful perspective is that its 1949 build date, while older, is actually newer than many area homes, suggesting potentially updated infrastructure or a different architectural evolution. This isn't a renovated showcase; its appeal is rooted in solid fundamentals and room to grow.
Frequently Asked Questions
1. How does this home truly compare in value?
While its assessed value is above average for the street and area, it remains around the median city-wide. This indicates you are acquiring a relatively large property for the neighborhood without the peak city-wide price, often a hallmark of value in established communities.
2. What does the "unrenovated basement" imply?
It means the basement is functional and included in the living area square footage, but it presents as a blank canvas. This is a key consideration for buyers weighing move-in readiness against the potential to add value and customize to their needs.
3. The sold price history shows a range. What's the exact figure?
The provider publishes approximate ranges from public data. To obtain the exact historical sold price, you must request it directly via email. They have a policy of manually providing this detail without using your contact information for marketing.
4. Is the lot size a major advantage?
Yes, particularly in this context. The lot is in the top 8% on Amherst Street. In older, central neighborhoods, a larger lot is a lasting asset that provides more privacy, outdoor space, and potential than surrounding properties, which is difficult to replicate.
5. Who are the most likely buyers for this property?
It best suits buyers who prioritize interior and exterior space over turn-key renovation. This includes families needing room, value-oriented investors looking at solid fundamentals, or owners willing to undertake projects over time to tailor the home to their tastes.