Property Summary: 496 Hampton Street, Winnipeg
Key Characteristics & Appeal
This one-storey home on Hampton Street in Winnipeg's King Edward neighborhood presents a specific and practical value proposition. Its key appeal lies in a combination of a renovated basement, a detached garage, and a land area that is notably larger than many of its immediate neighbors. At 795 sqft, the living space is compact, ranking below the local area average, which suggests a focus on efficient living or potential for expansion given the lot size.
The property's assessed value is above average for both its street and the broader King Edward area, indicating that municipal assessment recognizes its relative standing within these more localized markets, even though it sits below the city-wide average. Built in 1958, it is a newer construction compared to many homes on its block. The standout feature is the 4,652 sqft lot, which offers a generous outdoor space uncommon for the area.
This home would suit first-time buyers or downsizers seeking a manageable, single-level layout with a move-in-ready basement and the value of a larger yard. It’s a pragmatic choice for someone prioritizing lot size and location within a established community over sheer interior square footage. The above-average assessment for the locale may also appeal to buyers looking for a property with a solid foundation of value in its immediate context.
Frequently Asked Questions
1. How does the home's size compare to nearby properties?
At 795 sqft of living area, this home is smaller than the average on Hampton Street (~1,019 sqft) and in the King Edward neighborhood (~952 sqft). It offers efficient, compact living.
2. Why is the assessed value higher than many neighbors'?
The assessed value of $29.5k ranks in the top 30% for both the street and the neighborhood. This likely reflects the renovated basement, detached garage, and the property's larger-than-average lot size for the area.
3. What is the potential of the lot size?
The 4,652 sqft lot is a key asset, ranking above average locally. It provides ample private outdoor space and could be a significant factor for future landscaping, gardening, or even expansion, subject to local zoning.
4. What does the sale history indicate?
The home sold previously in July 2023 and July 2017. The 2023 sale price range shows a significant increase over the 2017 sale, reflecting broader market trends and the added value of the renovated basement.
5. Who should consider requesting the exact sold price?
Serious buyers who are performing a detailed comparative market analysis will benefit from the exact figure. Having the precise sold price allows for the most accurate valuation when making an offer.