Property Overview

This one-and-a-half storey home on Hampton Street in Winnipeg's King Edward neighbourhood presents a practical and renovated living space. Its key appeal lies in being a solid, move-in-ready property within its immediate area, offering a renovated basement and a detached garage. At 914 sqft, the living space is very typical for King Edward but is notably compact compared to the Winnipeg city average, suggesting an efficient layout. The lot size of 4,530 sqft is generous for the neighbourhood, providing good outdoor space. Recent sale data from late 2024 indicates strong market activity.

This home would suit first-time buyers seeking a renovated, lower-maintenance starter home in an established area, or investors looking for a turnkey rental property. Its average metrics for the street and neighbourhood suggest it won't feel out of place, but its below-average citywide size means it appeals to those prioritizing location and lot size over square footage. A thoughtful perspective is that while the home is modernized, its 1949 build date means underlying systems (like plumbing or electrical) may still be of that era, so due diligence is wise. Its value appears to be firmly anchored in the local King Edward market rather than citywide trends.

Frequently Asked Questions

1. How does this home compare to others in the area?
Based on living area, assessed value, and lot size, this property is consistently around the average for both Hampton Street and the wider King Edward neighbourhood. It is a very representative home for this specific location.

2. What does "renovated basement" typically mean here?
While specifics should be verified, in homes of this vintage a renovated basement often means finished living space, possibly with a recreational room, laundry, and storage. It's important to confirm the quality of the renovation and check for any moisture issues common in older foundations.

3. Is the assessed value a good indicator of the sale price?
Not directly. The assessed value (27.20k) is for municipal tax purposes. The home sold for between $325,000 and $355,000 in late 2024, which is the relevant market price indicator.

4. What are the considerations with a detached garage?
A detached garage offers flexibility and can be a plus for parking and storage. However, it means a walk to your vehicle in winter. It may also present a future opportunity (like a workshop) or a maintenance item (like roof or door repairs) separate from the house.

5. The home seems small compared to the city average. Is that a concern?
This depends on your needs. The living area is efficient and standard for King Edward. It's ideal for smaller households or those wanting less space to maintain. The lot size is above average for the neighbourhood, so the trade-off is more outdoor space relative to indoor space.