Property Overview

This 1990-built bi-level home at 317 Hampton Street offers a compact, efficient living space in Winnipeg's King Edward neighborhood. With 733 square feet of living area, it sits on a standard city lot of just over 3,300 square feet and features a renovated basement and a detached garage. Its assessed value is approximately $28,100.

Key Characteristics & Appeal

The primary appeal of this home lies in its modern age relative to its surroundings. Built in 1990, it is significantly newer than most homes on its street and in the wider area, which typically date to the 1940s. This suggests potentially fewer concerns with major aging components like foundation, wiring, or plumbing found in century-old homes. The renovated basement adds functional living space.

Its size and value position it as one of the more affordable entry points into the Winnipeg market. The living space is compact, ranking below the city average, which translates to lower utility costs and minimal upkeep. This isn't a home for sprawling, but for efficient living. The lot size is typical for the central neighborhood, offering modest outdoor space without the burden of extensive landscaping.

This property would best suit first-time buyers, downsizers, or pragmatic investors seeking a low-maintenance, modern-built home without a premium price tag. It’s for those who prioritize a sound, recent structure over square footage and see the value in a "right-sized" home that covers the essentials.

Frequently Asked Questions

1. Is the low assessed value a red flag?
Not necessarily. The assessment is in line with similar homes on the street and in the King Edward area. It primarily reflects the home's smaller size and the neighborhood's market, not an underlying issue. The citywide average is skewed by larger, newer homes in suburban developments.

2. What are the advantages of a home built in 1990 compared to its older neighbors?
You benefit from construction standards and materials that are decades more recent. This can mean updated electrical systems (like 100-amp service or better), more efficient insulation, PVC plumbing instead of galvanized steel, and generally fewer surprises from extreme age.

3. How does the renovated basement affect the living space?
While the above-grade living area is 733 sq ft, the renovated basement effectively doubles the usable space. This is crucial for making this compact home functional, likely providing room for additional bedrooms, a family room, or utilities.

4. Who might this home not suit?
Buyers needing multiple bedrooms, dedicated home office space, or ample room for a growing family may find it too confined. It also may not appeal to those seeking character details common in early 20th-century homes, as a 1990 bi-level has a different, more utilitarian aesthetic.

5. What does the detached garage mean for Winnipeg winters?
A detached garage, while offering storage and vehicle protection, requires you to go outside to access your vehicle. This is a standard trade-off in many older Winnipeg neighborhoods and is a consideration for those prioritizing the convenience of an attached garage in winter months.