Property Overview: 57 Hamilton Avenue, Heritage Park, Winnipeg
This 4-level split home, built in 1976, presents a practical opportunity in a well-established Winnipeg neighbourhood. With 1,296 sqft of living space and a renovated basement, it sits on a modest 3,149 sqft lot. The home's assessed value is notably below average for the Heritage Park area, which may indicate room for value growth or reflect its more compact lot size. Its recent sale history shows activity in late 2019.
Section 1: Key Characteristics & Appeal
The primary appeal of this property lies in its balance of space and value. The living area is above average for Hamilton Avenue itself, offering comfortable room in a functional split-level layout, complemented by a modernized basement. Its strongest characteristic is its financial positioning: the assessed value is in the top 93% for Heritage Park, meaning it is priced significantly below most neighbourhood comparables. This creates an entry point into the area that is rare.
It would suit first-time buyers or downsizers seeking a manageable home in a mature neighbourhood without a premium price tag. The renovated basement adds immediate utility. A thoughtful perspective is that the smaller lot, while not offering expansive yard space, translates to lower maintenance—a plus for busy professionals or those seeking a lock-and-leave lifestyle. The data suggests you are paying primarily for the home itself here, not for land, which aligns with a practical, interior-living focus.
Section 2: Frequently Asked Questions
1. Is the below-average assessed value a concern?
Not necessarily. It primarily reflects the home’s smaller lot size relative to the neighbourhood. It can represent a value opportunity, but it’s wise to have a professional inspection to understand the full condition of the property.
2. What is the 4-level split layout like?
This style typically features short flights of stairs between levels, creating defined zones for living, sleeping, and recreation. It offers good separation of space but involves more stairs than a bungalow or two-storey.
3. Who is responsible for verifying the exact past sale price?
The listed sale price is an estimated range from public data. The exact historical price is provided by the site upon direct request via email, which they handle manually.
4. How does the lot size impact future plans?
The lot is smaller than most in Heritage Park. This may limit possibilities for large additions or pools but is sufficient for a patio, garden, or play area. Always check with the City for zoning and setback regulations.
5. The home is nearly 50 years old. What should I check?
While the basement has been renovated, focus on the condition of major aging components: roof, windows, foundation, and major mechanical systems (furnace, plumbing). The renovation work should also be checked for proper permits.