Property Overview: 237 Amherst Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1914, offering 868 square feet of living space with a renovated basement. It sits on a 2,818 sqft lot and does not include a garage or pool. The home’s primary appeal lies in its position within the established King Edward neighbourhood, presenting an opportunity for entry into the market or for a downsizer seeking a manageable footprint. Its recently renovated basement adds functional living space.
The data reveals a nuanced picture: while the living area is above average for Amherst Street itself, the home is notably smaller and sits on a smaller lot than typical Winnipeg houses. Its assessed value is significantly below the city-wide average, which may indicate a lower property tax burden but also reflects the home’s vintage and scale. This property would best suit a pragmatic first-time buyer comfortable with a character home, an investor looking for a rental property in a central location, or someone seeking a low-maintenance living arrangement without the premium for size. Its value proposition is rooted in location and essentials, rather than modern size expectations or luxury features.
Frequently Asked Questions
1. What does the assessed value tell me about this property?
At $22,100, the assessed value is far below the city average. This typically translates to lower annual property taxes, which is a financial advantage. It primarily reflects the home’s smaller size, age, and market segment rather than its condition.
2. How does the living space compare practically?
At 868 sqft, it’s compact. It’s larger than many homes on its own street but smaller than most in Winnipeg. This suggests an efficient, cozy layout suitable for 1-2 people, with the renovated basement providing crucial extra room for storage, laundry, or recreation.
3. The home was built in 1914. What should I consider?
While the basement is noted as renovated, a home of this age will likely have original elements elsewhere. Prospective buyers should budget for potential updates to older systems (like plumbing or wiring) and seek a thorough inspection to understand the condition of the structure and foundation.
4. Is the lack of a garage or a large lot a significant drawback?
This depends on lifestyle. For those who value minimal outdoor upkeep and don’t require vehicle storage, the smaller lot is a benefit. Street parking would be the norm. For families or those needing storage/workspace, this could be a limitation.
5. The sold price history shows a sale in 2016 for roughly $17.5k-$20.5k. Is the current price listed?
No exact current listing price is provided in this data. The 2016 sale price is a historical reference point. The current asking or market value would be set by the present seller and can be requested directly via the provided email contact for exact sold price history.