Property Overview: 294 Hampton Street, Winnipeg

Key Characteristics & Appeal

This bi-level home at 294 Hampton Street presents a distinct profile defined by its modern age and compact efficiency. Built in 2009, it is a notably newer construction compared to most homes in the King Edward neighborhood and across Winnipeg, offering contemporary building standards and likely lower immediate maintenance needs. With 740 sqft of living space and a renovated basement, it is a compact home that prioritizes function over size, sitting on a modest 2,388 sqft lot.

Its primary appeal lies in its value proposition as a modern, entry-level property. The assessed value is strong for its immediate street and neighborhood, suggesting it is viewed favorably relative to older, possibly larger comparables. This combination suits first-time buyers, downsizers, or investors seeking a relatively new, low-maintenance property without a large footprint. It’s a practical choice for those who value newer infrastructure and efficient use of space over expansive square footage or a large yard.

A less obvious perspective is its potential as a strategic holding in a neighborhood of older homes. Its "newer" status could appeal to those looking for a turnkey option in an established area, avoiding the renovation projects that often come with character homes. The modest lot size also implies manageable upkeep, aligning with a minimalist or time-constrained lifestyle.

Frequently Asked Questions

1. Is the living space too small?
At 740 sqft, the living area is below average for the street, neighborhood, and city. This home suits individuals, couples, or small families comfortable with efficient, modern layouts. The renovated basement provides additional functional space.

2. Why is the assessed value higher than many area averages?
The assessed value ranks in the top 30% for both the street and King Edward. This is likely due to the home's modern year of construction (2009) and renovated condition compared to the predominantly older housing stock in the area.

3. What does the sale history indicate?
The home sold previously in 2022 and 2016. The 2022 sale price range placed it in the top 10% of area sales at that time, reinforcing the premium for its newer build. Exact prices are available upon request.

4. Who would this property not suit?
It may not suit buyers seeking generous indoor living space, a large private yard, or traditional character. The lot size is in the bottom 10% for the street, and the bi-level style offers a specific layout.

5. How does its age affect maintenance?
Built just 17 years ago, this home is significantly newer than the neighborhood average (often homes from the 1940s). This typically translates to younger major systems (roof, furnace, windows) and potentially lower near-term repair costs, a key advantage over older character homes.