393 Amherst Street

Property Overview: 393 Amherst Street, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in King Edward presents a solid, value-oriented opportunity. Its primary appeal lies in a combination of above-average lot size, recent updates, and strong positioning within its immediate neighbourhood.

The 988 sqft house sits on a 4,700 sqft lot, which is notably larger than most in the area, offering valuable outdoor space and potential. Key features include a renovated basement and a detached garage. The home’s assessed value consistently ranks above average for both Amherst Street and the broader King Edward area, suggesting it is perceived as a premium property within its local context. Recent sale history indicates steady market interest.

This property would suit practical buyers looking for a move-in-ready home with character in an established neighbourhood. It’s ideal for first-time homeowners, small families, or downsizers who prioritize a manageable single-level layout, a generous yard, and the stability of a home that outperforms many of its direct peers in key metrics like lot size and value.

A less obvious perspective is that this home represents a "neighbourhood anchor" – its consistent above-average valuation on its street and in the district hints at a well-maintained property that contributes to and benefits from the stability of its immediate surroundings, rather than just riding city-wide trends.

Section 2: Frequently Asked Questions

1. How does the living space compare to other homes?
At 988 sqft, the living area is above average for Amherst Street and typical for the King Edward neighbourhood, but below the city-wide average. This indicates a comfortable size for the area, suited to efficient living.

2. What does the assessed value ranking tell me?
Ranking in the top 14% on its street and top 23% in King Edward for assessed value indicates the property is consistently valued higher than most comparable homes nearby. This often reflects desirable features, condition, or lot appeal as judged for tax purposes.

3. Is the 1946 build date a concern?
While older, the home is actually newer than many on its street and in the area. The renovated basement suggests some key updates have been made. A thorough inspection is always recommended to understand the condition of major systems.

4. How stable has the property's value been?
Based on the provided sale price ranges, the home sold for significantly more in 2024 than in 2020, showing appreciable growth in that period. Its consistent above-average assessment also suggests sustained value relative to its peers.

5. Who would this property not suit?
Buyers seeking a very large interior space by city standards, or those wanting a brand-new build in a suburban area, may find it less suitable. The appeal here is rooted in established neighbourhood charm, lot size, and local value rather than expansive square footage.