Property Summary: 266 Hampton Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1931, situated on a standard city lot in the King Edward neighbourhood. Its key characteristic is its modest scale, with a living area of 700 sqft that places it well below the average size for Winnipeg homes. This is balanced by a renovated basement, adding functional space, and a detached garage. The appeal here is fundamentally about value and simplicity. It suits a specific buyer: a first-time homebuyer, an investor, or someone looking to downsize, who prioritizes a lower entry point into the market over square footage. The home’s recent sale history and assessed value suggest it is positioned as an affordable option in the area.
A less obvious perspective is that its smaller size and older vintage could mean lower utility costs and a more manageable maintenance footprint compared to larger, newer homes. While it doesn't rank highly for size or newness, its assessed value is relatively competitive within its immediate neighbourhood, indicating it may be priced in line with local expectations for a home of its type.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 700 sqft of living space, this home is significantly smaller than the average Winnipeg home (1,342 sqft) and is also below the average for the King Edward neighbourhood.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to verify with the seller or through a viewing to understand the quality and use of the additional space.
3. Is the assessed value a good indicator of the selling price?
The assessed value is for municipal tax purposes and is often different from market value. The home last sold between $19.5k and $22.5k in 2022, which is close to its current assessed value of $21.7k, but current market conditions will ultimately determine the price.
4. What are the implications of the home being built in 1931?
While the structure is around average age for its street, a home of this vintage may have older building materials and systems. A thorough inspection is recommended to understand the condition of the roof, wiring, plumbing, and foundation.
5. How does the lot size affect the property?
The land area of 3,164 sqft is fairly typical for the area but below the city-wide average. It provides a standard backyard space and may offer potential for additions or landscaping, subject to local zoning regulations.