Property Overview
This one-storey home at 310 Amherst Street in Winnipeg's King Edward neighbourhood presents a specific and practical opportunity. Its key appeal lies in being an affordable, no-frills entry point into homeownership. At 631 square feet, the living space is notably compact, ranking it among the smallest homes locally. This is balanced by a decently sized lot of approximately 4,694 sqft, which is above average for the King Edward area, offering valuable outdoor space or future potential.
The home suits buyers with straightforward needs: first-time purchasers seeking minimal upkeep, investors looking for a rental property, or downsizers wanting a manageable footprint. Its assessed value is modest and in line with the immediate area. The detached garage adds practical storage. The property’s history shows stable, gradual appreciation in sale price over recent years. A thoughtful perspective for a buyer is to see the smaller interior not just as a limitation, but as a catalyst for efficient, minimalist living, while viewing the larger-than-average lot as the property's true long-term asset, whether for gardening, expansion, or simply as a rarity in the neighbourhood.
Frequently Asked Questions
1. How does the small living area impact daily life?
At 631 sqft, the floor plan demands efficient use of space. It is workable for a single person, a couple, or as a starter home for a very small family, but storage and layout will need to be intentional. The trade-off is typically lower utility costs and less maintenance.
2. What is the significance of the lot size being "above average" for King Edward?
The lot of nearly 4,700 sqft is a standout feature. It means more private outdoor space than many neighbouring properties, which could be used for recreation, gardening, or, subject to zoning, future additions like a shed, deck, or even an extension.
3. The assessed value seems low. Does this reflect the property's condition?
The assessed value is for municipal tax purposes and is aligned with similar homes on the street and in King Edward. It generally reflects the home's age, size, and market characteristics in this specific area, not necessarily a detailed condition report. A professional inspection is always recommended.
4. What does the sale history indicate about the property's market?
The home has sold twice in the last decade (2017 and 2025), each time at a progressively higher price point. This suggests a stable, slow-appreciation market for well-priced, basic homes in this location, which can be appealing for buyers seeking a modest, lower-risk investment.
5. Is the basement finished, and what are its possibilities?
The listing specifies a basement that is "not renovated." This means it is in a utility state, suitable for mechanical systems and storage. Finishing it would be a potential project to add living space, but would require investment and compliance with local building codes.