345 Amherst Street

Property Overview

This two-storey home at 345 Amherst Street in Winnipeg’s King Edward neighbourhood presents a distinct profile. Built in 2019, it is a notably modern residence in an area of much older housing stock. With 1,604 sqft of living space, it offers significantly more room than most nearby homes. It features a detached garage and an unrenovated basement. The property’s appeal lies in its contemporary construction and spacious interior within a mature neighbourhood, offering a move-in-ready home without the concerns of aging infrastructure common in the area. The lot, however, is compact relative to area norms.

It would best suit buyers seeking a modern, low-maintenance home in an established inner-city area, who prioritize interior space over a large yard. It’s also a practical choice for those wary of the hidden costs and surprises often found in older, renovated properties.

Key Details & FAQs

Key Characteristics & Appeal
The standout feature is the home’s newness. Built just seven years ago, it ranks among the newest homes not just on its street, but citywide. This translates to modern building standards, energy efficiency, and likely minimal immediate repair needs. The living area is exceptionally spacious for the immediate area, placing it in the top 2% locally. This combination of new and spacious is rare in mature neighbourhoods. The trade-off is a land area that is smaller than average for the street and city, suggesting a compact yard. The home suits modern urban dwellers who want the character of an older neighbourhood without the upkeep of an older house, and who value interior gathering space over extensive outdoor space.

Frequently Asked Questions

1. Is the assessed value of $38,100 correct?
Yes, this is the municipal assessed value for taxation purposes. It is important to note this is not the market value or listing price. This assessment is elite for the local area but average citywide, reflecting the neighbourhood’s overall property values.

2. What does "basement, not renovated" mean?
It indicates the basement is unfinished. It is a blank canvas with essential services (like plumbing/electrical rough-ins) likely in place, but it lacks developed living space, drywall, or flooring. This can be a cost-saving advantage for buyers who wish to customize the space later.

3. How can a 2019 home exist in a neighbourhood where most homes are from the 1940s?
This property is likely a infill development, where an older home was replaced with a new build. This is increasingly common in established neighbourhoods close to the city core, offering modern housing in sought-after locations.

4. The sold price history shows a range of $30.5k-$33.5k in 2020. Is that the full price?
No. This range is based on public data bands and represents only a partial figure. The actual sold price was a full market value transaction. You can request the exact historical sold price from the site via email.

5. What are the implications of having a smaller-than-average lot?
It typically means lower maintenance, less yard work, and potentially a more efficient use of space. However, it may limit expansion possibilities (like large additions or pools) and offers less private outdoor space compared to neighbours. For many, this is a worthwhile trade-off for a newer, larger home.