Property Overview: 290 Hampton Street, Winnipeg

Key Characteristics & Buyer Appeal

This is a compact, early 20th-century home (built 1912) in Winnipeg's King Edward neighbourhood. Its key characteristic is its modest scale, with 864 sqft of living space situated on a smaller urban lot. The home is a one-and-three-quarter storey design with a detached garage.

Its primary appeal lies in its position as an attainable entry point into the housing market. The assessed value is notably below the citywide average, suggesting a lower price threshold. It suits first-time buyers, investors, or downsizers seeking a manageable footprint without a large renovation project. A thoughtful perspective for this type of property is its potential as a "right-sized" home for those valuing simplicity and lower ongoing utility and maintenance costs over sheer space. Its age and smaller lot, while less common today, offer a classic neighbourhood feel and a more straightforward yard to maintain.

Frequently Asked Questions

1. What does the "Top X%" ranking mean for each metric?
It shows how this property compares to similar homes. For example, a "Top 86%" rank for living area citywide means its square footage is greater than 86% of comparable Winnipeg homes, indicating it's on the smaller side overall.

2. The assessed value seems very low compared to the citywide average. Why?
The assessed value is for municipal tax purposes and is not the market price. The dramatic difference highlights that this is a more modest home in both size and value compared to the average Winnipeg property, which may include many newer and larger suburban houses.

3. What are the implications of the home being built in 1912?
It offers classic charm but likely requires a thorough inspection for aging components like wiring, plumbing, and the foundation. Its vintage is a standout feature on the street, where it is among the oldest homes.

4. How does the lot size impact potential for expansion or outdoor space?
At 2,389 sqft, the lot is below average for the area. This limits possibilities for major additions but also means less yard work. Any expansion would need to be carefully designed to fit the space.

5. The last recorded sale was between $17.5k-$20.5k in 2019. Is that the likely price today?
No. That historic sale price is not reflective of current market value. It may have represented a nominal transfer, a sale of the land only, or an estate transaction. The current market value would be significantly higher and determined by recent neighbourhood sales of similar, habitable homes.