Property Overview
This 1950-built, one-storey home at 407 Amherst Street in Winnipeg's King Edward neighbourhood offers a compact 768 sqft of living space with a renovated basement and a detached garage. Its key appeal lies in the combination of a well-sized, above-average lot (4,698 sqft) and a recently updated assessed value that stands out positively within its immediate area. While the house itself is modest in size compared to city averages, it sits on a desirable parcel of land in an established community.
The property is particularly suited to first-time homebuyers or downsizers seeking a lower-maintenance, single-level layout with room to grow outdoors. Its strong assessed value ranking on the street and in the neighbourhood suggests it is perceived as a solid asset in its local market. Investors or renovators might also see potential in the generous lot size relative to the home's footprint. It represents a practical entry into homeownership where the value is anchored more in the land and location than in expansive square footage.
Frequently Asked Questions
1. How does the home's size compare to others nearby?
At 768 sqft, the living area is slightly below the average for King Edward but is fairly typical for Amherst Street itself. The floor plan is compact, emphasizing efficient use of space.
2. Why is the assessed value notably higher than some area averages?
The assessed value of $300k ranks in the top 25% for the King Edward area. This is likely due to a combination of the renovated basement, the substantial lot size, and recent market activity on the street.
3. What is the significance of the lot size?
The 4,698 sqft lot is larger than most in the immediate neighbourhood and on the street. This is a key feature, offering valuable outdoor space, potential for gardening, or future expansion that many newer infill properties lack.
4. Who might this property not suit?
Buyers requiring significant indoor living space, multiple bedrooms, or a modern open-concept layout may find the home's original 1950s footprint and total square footage too confined. It appeals to those who prioritize lot size over house size.
5. How current is the sale price information?
The most recent sale data is from May 2024. For the exact historical sold price, you can request the information directly via the provided email service, which manually supplies verified data.