Property Overview & Key Characteristics
This 1996-built bi-level home at 224 Hampton Street presents a practical and modern option within Winnipeg's King Edward neighbourhood. Its primary appeal lies in being a relatively newer construction compared to most homes on its street and in the wider area, offering a more contemporary foundation without the common concerns of a century-old property. The living space is a compact 800 sqft, which places it below average in size for the city, but efficiently laid out over two levels including a renovated basement. The lot is also smaller than typical, at 2,410 sqft.
This home would suit first-time buyers or downsizers seeking a low-maintenance, modern-built home in an established neighbourhood without a large yard to manage. Its assessed value is modest and in line with the immediate area, representing a potentially accessible entry point. A thoughtful perspective is that while the interior and lot are compact, the newer build year likely translates to greater energy efficiency and fewer major system updates in the near term compared to neighbouring, older homes.
Frequently Asked Questions
1. How does the smaller lot size impact the property?
The lot is notably smaller than most in Winnipeg. This means minimal yard maintenance, which is a benefit for those seeking simplicity. However, it also limits potential for expansions, large gardens, or extensive outdoor recreation space.
2. The home is described as "below average" in size city-wide. How livable is 800 sqft?
At 800 sqft, the home is compact. The bi-level design with a renovated basement helps create distinct living zones. It is best suited for individuals, couples, or small families who prioritize efficient living over spaciousness.
3. What are the implications of the 1996 build year?
Built in 1996, this home is significantly newer than the neighbourhood average (often pre-1950). This is a key advantage, suggesting modern construction standards, likely better insulation, and wiring that can more easily accommodate contemporary technology. Major components like the roof or furnace may be nearer to their replacement cycle than in a brand-new home, however.
4. The assessed value seems low. What does this indicate?
The assessed value is for municipal tax purposes and reflects factors like lot size, living area, and build year. Its value is average for King Edward but below the city average, which is influenced by newer, larger suburban homes. This can indicate a relatively lower property tax burden.
5. What is the neighbourhood context like?
Located on Hampton Street in King Edward, the home is on a street with a mix of older and some newer homes. The data shows that for its street, it ranks very well for being newer but has a smaller footprint. It offers the established feel of a central neighbourhood with the practical benefits of a more modern structure.