346 Hampton Street

Property Overview

346 Hampton Street is a compact, renovated bi-level home in Winnipeg's King Edward neighbourhood. Its key appeal lies in offering modern, move-in-ready interior space within a smaller, efficient footprint, situated on a standard city lot. The home is notably newer than most in its immediate area, having been built in 1975, and features a renovated basement and a detached garage.

This property would suit first-time buyers or investors seeking an affordable entry point into the market with minimal immediate renovation needs. It's also a practical option for downsizers or those who prioritize low maintenance and updated living spaces over square footage. A thoughtful perspective is that while the living area is modest, its above-average modernity for the street could mean fewer age-related issues compared to neighbouring century-old homes, potentially balancing out the smaller size.

Key Details & FAQs

• Style: Bi-Level
• Living Area: 627 sqft
• Lot Size: 2,898 sqft
• Year Built: 1975
• Features: Renovated basement, Detached garage
• Last Sold Price (2019): ~$19.5k - $22.5k
• Current Assessed Value: $25,500

Frequently Asked Questions

1. How does the size of this home compare to others?
The living space of 627 sqft is compact, placing it in the smaller 4% of homes locally. This indicates a highly efficient layout suited for minimalists or those with modest space requirements.

2. Is the assessed value typical for the area?
Yes. The assessment of $25,500 is very close to the average for both Hampton Street and the wider King Edward neighbourhood, suggesting it is priced in line with local norms.

3. What is the significance of the 1975 build year?
In a neighbourhood with many homes built in the early 1900s, a 1975 build is a standout feature. It often implies a different construction style and potentially more modern systems than much older surrounding properties.

4. What does the sale history indicate?
The home sold in mid-2019 for an estimated price between $19,500 and $22,500. The current assessed value of $25,500 reflects market changes since that time.

5. Who might this property not suit?
Buyers needing multiple bedrooms, dedicated home office space, or ample room for a growing family will likely find the living area too constrained. It is best for those comfortable with a smaller, more efficient layout.