Property Overview
This 1918 one-and-a-half storey home at 313 Hampton Street in Winnipeg’s King Edward neighbourhood presents a classic character home opportunity. Its key appeal lies in a significant and rare asset: a 7,020 sqft lot, which ranks in the top 2% for size both on its street and within the wider area. This offers exceptional outdoor space and future potential in a city where such large parcels are uncommon. The home itself, with 906 sqft of living space and a renovated basement, is modestly sized but sits on a property that far exceeds local averages. Its assessed value of $250k is around the median for King Edward, suggesting the current price reflects the home’s vintage and scale more than its land value. This property would suit a buyer who values space and possibility over immediate turn-key perfection—someone looking for a character home with room to garden, expand, or simply enjoy a generous yard, and who is comfortable with the upkeep of a century-old structure.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is a standout feature. At over 7,000 sqft, it is more than 70% larger than the average lot in the King Edward area and ranks in the elite top 2% for size locally. This is the property's most defining characteristic.
2. Is the home's living space smaller than average?
Yes. At 906 sqft, the living area is below the Winnipeg city-wide average and is modest for the neighbourhood. The home’s layout and functionality should be carefully considered against your space needs.
3. What does the "around average" assessed value mean in this context?
The $250k assessment is typical for King Edward. This suggests that, for the municipal assessor, the value of the older, smaller home and its large lot currently balance out to a median neighbourhood price. Market value can differ based on condition, updates, and buyer demand for land.
4. What are the considerations with a home built in 1918?
A 108-year-old home will likely have the charm and solid craftsmanship of its era, but also requires a diligent inspection. Attention should be paid to the foundation, plumbing, electrical systems, and insulation, which may need updating or ongoing maintenance.
5. The last sale was in 2017. What should I infer from that?
The property has been held for several years, which can indicate a stable ownership period. It’s a good prompt to ask what changes or upgrades have been made since that time, and to investigate if any major repairs or renovations were undertaken during that period.