Property Overview: 245 Amherst Street, Winnipeg

Key Characteristics & Appeal

This is a compact, one-storey home built in 1912 on a standard city lot in the King Edward neighbourhood. Its key appeal lies in its position as an accessible entry point into the Winnipeg market. With a living area of 841 sq ft, it feels proportionate for its streetscape but is notably smaller than the citywide average. The basement exists but is unrenovated, and the property has no garage or pool.

The home’s assessed value is significantly below average at every comparison level—street, neighbourhood, and citywide—which is its most defining characteristic. This suggests a lower property tax burden and presents a clear value proposition for a buyer comfortable with a home of this vintage and scale. Recent sale history shows steady activity, indicating a property that trades based on fundamentals.

It would best suit a pragmatic first-time buyer, an investor looking for a straightforward rental property, or someone seeking minimal overhead. Its smaller size and unrenovated basement mean it’s not for those needing ample space or modern finishes, but rather for those who see potential in a simple, no-frills footprint.

A less obvious perspective is that its consistent below-average metrics might offer insulation from broader market volatility, acting as a stable baseline asset. Additionally, its age and established neighbourhood location often come with mature trees and settled infrastructure, which some buyers value over newer subdivisions.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city average?
Assessed value is for municipal tax purposes and is influenced heavily by the home's smaller size, age, and specific market conditions in its immediate area. It doesn't necessarily reflect potential market sale price but indicates a relatively lower annual property tax commitment.

2. What does "basement, not renovated" typically mean for a house of this age?
It likely means the basement is in original or utilitarian condition, with concrete walls and floors. It provides essential mechanical space and storage but would require significant investment to finish as living space. Buyers should budget for potential updates to foundational elements like plumbing or electrical.

3. The home has sold several times recently. Is that a concern?
The regular sales activity over the past decade suggests it functions as a reliable entry-level or investment property, often appealing to buyers who hold it for a medium term before moving on. It’s not inherently a red flag but underscores the importance of a thorough inspection to understand its condition.

4. How does the lack of a garage affect daily living and value?
On-street parking is the standard here. This is common for the neighbourhood and era of home. It reduces maintenance costs but is a consideration for those with multiple vehicles or who prioritize sheltered parking. This feature is already factored into the home's pricing and assessed value.

5. Are the historical sold prices shown the exact amounts?
No, the figures provided are estimated ranges based on public data. To obtain the exact sale price from the transaction records, you must request it via the provided email service. This is a manual process done to ensure data accuracy and privacy compliance.