Property Overview & Key Characteristics
This one-storey home at 218 Amherst Street presents a compact, renovated living space on a generous lot in Winnipeg's King Edward neighbourhood. Its primary appeal lies in the combination of a move-in-ready, updated interior and a larger-than-average land area for the immediate area, offering a balance of low-maintenance living and outdoor potential. The 710 sqft house is smaller than most in the city, but its renovated basement adds functional space. With an assessed value significantly higher than many neighbours, it suggests substantial updates relative to other homes on the street.
This property would suit first-time buyers seeking an established neighbourhood without a major renovation project, or downsizers looking for a manageable home with a good-sized yard. It’s a practical choice for those who value a renovated interior and outdoor space over square footage. A less obvious perspective is that its above-average valuation on the street could indicate a "best house on the block" scenario, which can be a smart investment in an evolving area, but may also mean less dramatic future value growth compared to a fixer-upper nearby.
Frequently Asked Questions
1. Is the house actually as small as the square footage suggests?
At 710 sqft above grade, the living area is notably compact. However, the inclusion of a renovated basement provides additional functional space, which is a key factor in making the home practical.
2. Why is the assessed value so much higher than some nearby homes?
The assessment of $280k ranks well above the street average. This typically reflects significant updates, renovations, and overall condition compared to neighbouring properties, which are often older and may not have been modernized.
3. What is the potential of the large lot?
The land area of 4,695 sqft is above average for the King Edward neighbourhood. This offers valuable outdoor space for gardening, recreation, or future additions like a shed or deck, which is a rarity for many inner-city properties.
4. How does the age of the home affect maintenance?
Built in 1940, the home is older than many in Winnipeg. While the interior has been renovated, buyers should still budget for and inspect age-related components like the roof, foundation, and original plumbing or electrical systems that may not have been updated.
5. What does the sold price history indicate?
Public data shows a sale in the $220k-$250k range in mid-2017. The current assessed value being higher suggests market appreciation and/or further improvements since that last sale. For an exact historical sold price, you can request it directly via the provided email service.