450 Hampton Street

Property Overview

450 Hampton Street is a well-maintained, one-storey home in Winnipeg's King Edward neighbourhood. Built in 2008, it offers modern construction in an area of predominantly older homes. With 1,012 square feet of living space and a renovated basement, the home is practical and move-in ready. It sits on a standard city lot for the area, just under 3,500 sqft, and does not include a garage.

The appeal of this property lies in its balance of relative newness and established location. It stands out on its street and in the wider neighbourhood for its modern build year, which can mean fewer immediate maintenance concerns and updated building systems. Its assessed value is notably above average for the immediate area, suggesting it is viewed as a premium property within its local context. This is a home for pragmatic buyers—first-time homeowners, downsizers, or investors—who prioritize a modern, low-maintenance structure in a central, no-frills neighbourhood. It suits someone looking for a straightforward living space without the character or repair challenges of a century home, but who still values a traditional community feel over a new suburban subdivision.

Frequently Asked Questions

1. Why is the assessed value so much higher than neighbouring homes?
The primary reason is the 2008 build date. Most homes in King Edward and on Hampton Street are much older, often pre-1940s. A newer home like this one typically has a higher valuation due to modern construction standards, materials, and systems, leading to lower anticipated maintenance costs.

2. What does "around average" for living area mean for daily life?
At just over 1,000 sqft, the living space is typical for the neighbourhood. It indicates a comfortable size for a small family, a couple, or an individual, but not expansive. The renovated basement effectively adds usable space, which is a key functional advantage.

3. The home has no garage. How is parking and storage handled?
The property relies on street parking. For storage, the renovated basement provides crucial supplementary space. Buyers should assess their personal storage needs and comfort with on-street parking, which is common in this area.

4. How does the 2019 sale price relate to the current assessed value?
The home sold for between $29.5k and $32.5k in 2019. The current assessed value of $35.7k reflects market changes and the continued premium for a newer home in the area. It's important to get a current market appraisal, as assessed value is for taxation and not necessarily identical to market value.

5. Is the land size a limitation?
At 3,490 sqft, the lot is slightly below the street average but very typical for King Edward. It provides a standard backyard space for city living but is not suited for extensive additions or sprawling outdoor features. City-wide, lots are larger on average, highlighting the more compact nature of central neighbourhoods.