Property Overview: 292 Hampton Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1922, situated on a modest lot in the King Edward neighbourhood. Its key characteristic is its affordability, underscored by a low assessed value that places it in the bottom tiers compared to homes on its street, in its area, and across Winnipeg. With 760 sqft of living space, it is notably smaller than average comparables. The home has a basement, but it is noted as not being renovated, and the property features no garage or pool.
The primary appeal lies in its position as a potential entry point into the housing market. It represents a lower financial barrier to homeownership, which could suit first-time buyers, investors looking for a rental property, or those seeking a minimalist footprint. A thoughtful perspective is that a home of this size and vintage on a smaller lot presents an opportunity for efficient, low-maintenance living without the burden of excessive upkeep costs. Its age and condition suggest it may be a candidate for gradual renovation, allowing an owner to add value over time. This property would likely suit a pragmatic buyer who prioritizes location and affordability over immediate move-in condition and space, viewing the home as a practical foundation rather than a finished product.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's smaller size, older age, and unrenovated condition relative to the broader Winnipeg market. It is consistent with properties of similar scale and vintage in its immediate area.
2. What does "basement, not renovated" typically imply?
This usually indicates the basement is in original or functional condition, but not modernized. It likely provides essential utility space and storage, but may not be finished as a comfortable living area.
3. Is the small lot size a significant drawback?
While the land area is below average, it can be an advantage for those seeking lower maintenance. It may limit expansion possibilities but contributes to the property's overall affordability.
4. Who would be the most likely type of buyer for this home?
It is most suited to first-time homebuyers working with a strict budget, investors considering a hold-and-rent strategy, or downsizers seeking a manageable, no-frills property.
5. How should I interpret the sold price history showing a range like "$14.50k ~ $17.50k"?
This is an estimated range based on public data. To obtain the exact historical sale price, you must request it directly via the provided email service, as the precise figure is not disclosed in the public listing.