Property Overview: 233 Hampton Street, Winnipeg
Key Characteristics & Appeal
This home is a classic one-and-three-quarter storey house built in 1914, offering a blend of historic character and practical space. Its key features include a detached garage and a full, unrenovated basement. The property stands out for its generous 4,715 sqft lot, which is notably larger than many in the immediate King Edward neighbourhood and on Hampton Street itself, providing valuable outdoor space and potential. With 1,115 sqft of living area, the house offers more room than many comparable local homes.
Its primary appeal lies in its solid positioning as a value-conscious entry into the market. The assessed value is modest relative to the city-wide average, suggesting a lower property tax burden, while the lot size offers a premium not always available at this price point. It would suit a first-time buyer, an investor, or a hands-on homeowner comfortable with a home that retains its original basement and may benefit from updates over time. The large lot is a significant asset for those valuing private outdoor space, gardening, or future expansion possibilities.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common Winnipeg architectural style, typically featuring a full main floor and a second floor where the roofline slopes inward, creating slightly smaller but still functional rooms on the upper level. It often provides more character than a simple bungalow.
2. Is the low assessed value a concern?
Not necessarily. The assessed value is used for calculating property taxes and is often lower than market value, especially for older homes. Its assessment is in line with the local area, which can mean more manageable annual taxes compared to newer subdivisions.
3. The basement is noted as "not renovated." What should I expect?
This indicates the basement is in original or functional condition, likely with concrete walls and floors. It provides ample storage and utility space but would require investment to be finished as a living area. This is a common project for new owners to undertake.
4. How does the lot size compare practically?
At 4,715 sqft, the lot is over 15% larger than the average for King Edward. This translates to more backyard space, greater distance from neighbours, and potentially more flexibility for additions, decks, or landscaping than is typical for the area.
5. The home is over 110 years old. What are the considerations?
While offering charm, an older home requires diligent maintenance. A thorough inspection is essential to understand the condition of major systems like wiring, plumbing, and the foundation. The upside is often solid construction and established, mature trees on the large lot.