Property Overview: 255 Amherst Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1941, situated on a decently sized lot in the King Edward neighbourhood. Its primary appeal lies in its balance of modest scale and strong relative value within its immediate context. At 737 sqft, the living space is smaller than the city average but is fairly typical for Amherst Street and the surrounding area. A key feature is the renovated basement, adding functional space. The home includes a detached garage.
The property stands out for its assessed value, which ranks notably above average for both the street and the neighbourhood, suggesting it is viewed as a solid asset in its local market. This, combined with a land area that is larger than many lots in King Edward, indicates its underlying value may be tied more to the property itself than the size of the house.
This home would suit first-time buyers or downsizers looking for an efficient, low-maintenance footprint in an established neighbourhood. It’s a practical entry point into homeownership where the investment is supported by the lot and location, rather than sheer square footage. A buyer comfortable with a cozy layout who values a renovated basement and potential outdoor space over a large interior would find it a good match.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 737 sqft, the living area is slightly below the average for the King Edward neighbourhood but is quite typical for Amherst Street itself. It represents a more compact, efficient floor plan common in the area’s older housing stock.
2. The assessed value seems high for a smaller home. Why is that?
The assessed value ranks well above average for both the street and neighbourhood. This often reflects factors like the renovated basement, the above-average lot size for King Edward, and the property’s overall condition and appeal relative to immediate comparables.
3. What is the significance of the lot size?
The lot of 4,697 sqft is larger than many in the King Edward area. This provides more outdoor space than typical and can contribute to the property’s value, offering potential for gardening, expansion, or simply more privacy.
4. Who would this property not be suitable for?
It may not suit buyers who need multiple bedrooms, dedicated home office space, or who simply prefer more expansive, open-concept living areas. The layout is best for individuals, couples, or small families comfortable with a cozier footprint.
5. How current is the price history provided?
The sold price range shown is based on public data from January 2016 through April 2025. For the exact, verified sold price, you can request it via email from the listing source.