Property Overview: 673 Hamilton Avenue, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home in Buchanan, built in 1975. Its primary appeal lies in a desirable combination of a generous, above-average lot and a recently renovated basement, offering solid value and potential. The 5,251 sqft lot is notably larger than most on Hamilton Avenue and in the immediate area, providing valuable outdoor space or future expansion possibilities in a mature neighbourhood. While the 945 sqft living area is compact, the renovated basement adds functional space. The home suits first-time buyers seeking an entry point into a stable area without a major renovation project, or practical downsizers looking for a manageable property with a low-maintenance footprint and a private yard. A thoughtful perspective is that this property represents a "land-value play" in a neighbourhood of older homes; the lot size is a standout asset that may appreciate independently of the structure itself.
Frequently Asked Questions
1. What does "renovated basement" typically include?
While specifics should be verified, a renovated basement in a home of this era generally means it has been finished into a livable space, potentially including areas for recreation, laundry, and storage. It's important to confirm the quality of the renovation, any moisture-proofing measures, and whether proper permits were obtained.
2. There is no garage. What are the parking options?
The property listing indicates no garage. Parking is likely via a driveway or on-street. You should verify the driveway's capacity and check local bylaws regarding street parking to ensure it meets your needs.
3. How does the assessed value relate to the recent sale price?
The home was assessed at $32.30k but sold for $380k in May 2024. This is a common disparity in Manitoba, where property assessments are not intended to reflect market value. The sale price is the true indicator of its current market worth.
4. The living space is noted as "below average." Is the house too small?
At 945 sqft above grade, the floor plan is efficient. Its suitability depends entirely on your needs. For a couple, small family, or someone who values cozy, easy-to-maintain spaces, it can be ideal, especially with the additional renovated basement area.
5. What is the neighbourhood (Buchanan) like?
Buchanan is an established, mature neighbourhood in Winnipeg. The data shows homes here are of a similar vintage, offering a settled community feel. Its "around average" rankings for many metrics suggest it is a stable, typical Winnipeg residential area, not an outlier in terms of price or property size.