382 Amherst Street

Property Overview: 382 Amherst Street, Winnipeg

Key Characteristics & Appeal

This is a compact, one-storey home built in 1946, situated on a generously sized lot in the King Edward neighbourhood. With 700 sqft of living space, the home is notably smaller than average for the city, offering a minimalist footprint. Its appeal lies in its practical updates—specifically a renovated basement—and its strong value proposition within its immediate area. While modest in size, the property holds an assessed value that is above average for its street and neighbourhood, suggesting it is well-regarded in its local context. The lot size of nearly 4,700 sqft is a standout feature for the King Edward area, offering valuable outdoor space and potential.

This home would best suit first-time buyers, downsizers, or pragmatic investors seeking an affordable entry into the market with a low-maintenance layout. Its appeal is grounded in functionality and lot value rather than sheer square footage, making it ideal for those who prioritize location and land over a large interior.

Frequently Asked Questions

1. How does the home's size compare to others?
At 700 sqft, the living area is below the average for Winnipeg. However, it is more in line with the scale of older homes in the King Edward neighbourhood, where many properties are similarly compact.

2. What does the assessed value indicate?
The assessed value of $28,600 is above average for Amherst Street and the King Edward area. This often reflects the home's condition, the renovated basement, and its desirable lot size relative to nearby properties.

3. Is the lot size a significant feature?
Yes. The lot of 4,696 sqft is larger than most in the King Edward neighbourhood. This provides more private outdoor space than is typical and could be a long-term asset for gardening, expansion, or simply enjoying.

4. What can the 2020 sale price range tell me?
The previous sale in the range of $20.5k-$23.5k provides a recent benchmark. Considering the current assessed value, it indicates the property has maintained or increased its market value in the years since.

5. Who would this property not suit?
It may not be ideal for growing families needing multiple bedrooms or those who desire ample indoor living space. Its charm is in its efficiency and lot, so buyers seeking a larger, more modern interior may find it too compact.