Property Overview: 260 Amherst Street, Winnipeg
Key Characteristics & Appeal
This 2016-built bi-level home at 260 Amherst Street offers a modern living experience within Winnipeg's King Edward neighbourhood. Its primary appeal lies in its contemporary age and efficient design, standing out significantly in an area with many older homes. With 879 sqft of living space and a renovated basement, the home provides a compact, low-maintenance layout.
The property's strongest suit is its combination of new construction and a strong assessed value ($320k), which ranks well above average for both the street and the neighbourhood. This suggests a well-regarded, modern asset in the community. The trade-off is a smaller land area (2,347 sqft), which is common for newer infill builds and translates to less yard upkeep.
This home would ideally suit first-time buyers, downsizers, or investors seeking a modern, "move-in ready" property without the concerns of an aging structure. It’s for those who prioritize interior condition and newer systems over a large lot. A thoughtful perspective is that this property represents the neighbourhood's evolution, offering updated housing stock that may appeal to a different demographic than the classic, larger-lot homes nearby.
Frequently Asked Questions
1. How does the home's size compare to others?
At 879 sqft, the living area is above average for Amherst Street but below the Winnipeg city-wide average. It’s a efficiently sized home, typical of newer bi-level designs, suited for individuals, couples, or small families.
2. Why is the assessed value high relative to the home's size?
The assessed value of $320k reflects the home's modern build year (2016) and renovated condition. In a neighbourhood where many homes are much older, this newer construction carries a premium due to its updated materials, systems, and expected lower maintenance costs.
3. What does the "below average" land area mean for me?
The lot is smaller than most in the area. This means less outdoor maintenance and gardening, but also limited space for expansions like large decks, sheds, or sprawling gardens. It maximizes the building footprint on the property.
4. Is the sold price history from 2016 relevant today?
The last recorded sale was when the home was new in 2016. That price is a historical baseline, but the current market value is better indicated by the recent assessed value and the sale prices of comparable homes in the current market.
5. What are the implications of having no garage?
The lack of a garage means relying on street parking or the possibility of adding a driveway (subject to bylaws and space). This is a common feature in the area and is factored into the price. Buyers should consider their vehicle storage and parking needs.