Property Overview: 301 Hampton Street, Winnipeg
Key Characteristics & Appeal
This bi-level home at 301 Hampton Street presents a practical and above-average offering within its established King Edward neighborhood. Built in 1984, it is a notably newer construction compared to many area homes, suggesting modern building standards and potentially fewer major upkeep concerns. With 1,144 sqft of living space and a renovated basement, it provides functional space that ranks well above local averages. The detached garage and a 4,720 sqft lot add valuable utility and outdoor space.
The appeal lies in its strong positional value within a specific context. The data indicates it consistently ranks in the top 20-30% of comparable homes on its street and in the King Edward area for key metrics like living area, assessed value, and year built. This suggests a property that stands out positively in its immediate surroundings, offering more modern comforts and space than many nearby options. It would suit a buyer looking for a move-in ready, low-maintenance home in a mature neighborhood, who values being above the local average for their investment. It’s a sensible choice for first-time homeowners or downsizers seeking a manageable property without the uncertainties of a much older home.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $33.70k is a municipal figure for tax purposes. The last recorded sold price range (2023) was $35.50k - $38.50k, which provides a more current market benchmark. Always consult a real estate professional for a current market valuation.
2. What are the advantages of a 1984 build in this neighborhood?
With many area homes dating from the early to mid-1900s, this 1984 construction is a relative newcomer. This typically means updated electrical systems, plumbing, insulation standards, and a roof with more remaining life, reducing the risk and immediate cost of major retrofits common in century-old homes.
3. The citywide averages for living area and land size seem higher. Why is that?
This property excels in its local context—King Edward and Hampton Street—which consist of older, often more compact lots and homes. Citywide averages are raised by newer suburban developments with larger footprints. Here, you’re getting a well-sized property for this specific, central neighborhood.
4. What does "renovated basement" include?
The listing confirms a renovated basement but does not specify the scope. This should be a key point of inquiry to understand the finish quality, whether it includes a legal suite or additional bedrooms, and if permits were obtained for the work.
5. How stable is the value on this street?
The home’s assessed value ranks in the top 10% on Hampton Street, and nearby properties have very similar assessed values, indicating a consistent valuation tier within this micro-area. This can suggest a stable, established property value range without wild fluctuations.