Property Overview
This one-and-three-quarter storey home on Hampton Street, built in 1914, presents a classic Winnipeg character property with modernized fundamentals. Its primary appeal lies in offering above-average space for its immediate neighborhood at a value-conscious price point. The 1,122 sqft living area ranks in the top 25% for Hampton Street and the top 20% within the broader King Edward area, meaning you get more interior space than most comparable local homes. A key feature is the renovated basement, adding functional living space. The lot is a standard city size at just over 4,200 sqft. While the home's age is above average for the area, its assessed value is positioned below the citywide average, suggesting a potentially accessible entry point into a mature neighborhood.
This home would suit a practical first-time buyer or an investor looking for a character home with solid fundamentals over flashy updates. It’s for someone who values interior space and a renovated basement more than a garage or a new build. The data suggests it’s a competitively sized property on its block, ideal for a buyer who wants to be in the neighborhood without paying a premium for a larger city-wide lot or a more recently built home.
Frequently Asked Questions
What does the "renovated basement" typically mean for a home of this age?
While specifics aren't listed, in a 1914 home, a renovated basement likely addresses core concerns like moisture control, foundational repairs, and modernizing essential utilities. It may be finished as a livable rec room or utility space, but inquiries should focus on the quality of the foundational work and any updated electrical, plumbing, or insulation.
The assessed value seems low compared to city-wide averages. Is this a concern?
Not necessarily. The assessment is significantly influenced by the home's age and the specific local market. It ranks around average for the King Edward area, indicating it's priced in line with its immediate peers. This can represent a value opportunity, as you're acquiring above-average living space for the neighborhood at a typical neighborhood price.
How significant is the lack of a garage?
On Hampton Street, this is common. Buyers should budget for street parking or explore the cost of adding a shed or future garage, subject to local bylaws. The trade-off is that the lot space is dedicated entirely to the yard.
The home is older than most on the street. What should I prioritize in an inspection?
Absolutely prioritize a thorough inspection focusing on aging systems: the roof, original wiring, plumbing (especially galvanized steel pipes), and the foundation's integrity. The renovated basement is a plus, but the inspector should verify the quality and permits for that work.
The sold price history shows a range. How can I understand its true market value?
The listed sold price range from 2019 provides a historical benchmark, but market conditions have changed. To understand current value, review the "Similar Assessed Value" properties listed and request the exact sold price history for this home to see what it last transacted for, which provides a concrete data point for comparison.