Property Overview: 395 Amherst Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1946, situated on a notably generous lot in the King Edward neighbourhood. Its primary appeal lies in the combination of a renovated basement and a land size that is well above average for both the immediate street and the broader area. With 4,700 square feet of land, the property offers significant outdoor space and potential not typically found with homes of this living area (692 sq ft).
The home suits practical, value-oriented buyers. It would be a fit for a first-time homeowner comfortable with a smaller interior footprint but who values private outdoor space, or an investor looking for a property with a renovated basement suite in a central location. Its assessed value is modest and in line with the local area, suggesting an accessible entry point into the market. A thoughtful perspective is that while the living space is compact, the large lot provides a tangible asset for future expansion, gardening, or simply enjoying more privacy than nearby properties—a trade-off that can be highly desirable.
Frequently Asked Questions
1. How does the home's size compare to others?
The living area of 692 square feet is below average for the city and the local neighbourhood, indicating a compact, efficient layout. The renovated basement provides additional usable space.
2. What is the significance of the lot size?
At 4,700 sq ft, the lot is a standout feature. It ranks in the top 10% on Amherst Street and the top 24% in King Edward, offering much more yard space than most comparable properties.
3. What can the sold price history tell me?
Public data shows it last sold in December 2023 for an estimated range of $25.5k to $28.5k. For the exact historical sold price, you can request the information via email from the listing source.
4. Who might this property not suit?
It may not be ideal for those requiring substantial indoor living space or multiple bedrooms on the main floor, given its smaller square footage. It is best suited for those who prioritize lot size over interior size.
5. Is the assessed value a good indicator of the price?
The assessed value ($25,400) is a municipal valuation for tax purposes and is around average for the immediate area. Market price is influenced by current conditions, the property's unique lot size, and the renovated basement, so it may differ.