Property Overview
707 Jackson Avenue is a one-and-a-half storey home in Winnipeg's Ebby-Wentworth neighbourhood, built in 1949. Its key appeal lies in its balance of a renovated basement and a lot size that is generous for the immediate area, offering a solid foundation for both living and potential future value. The home’s assessed value ranks above average for its street and neighbourhood, suggesting it is viewed favorably relative to its local peers, despite its living space being compact at 900 sqft.
This property would suit a first-time buyer or a downsizer looking for a manageable, established home in a mature neighbourhood. It’s also a practical choice for an investor seeking a property with recent updates (the basement) and a stable assessment history. The detached garage adds functional value for storage or a vehicle. A thoughtful perspective is that while the home is older and smaller than the city average, its above-average assessment in the local context indicates it may offer better relative quality or positioning than some neighbouring homes, making it a prudent entry into the area.
Key Details & FAQs
- Style & Size: One-and-a-half storey with a renovated basement, 900 sqft of living area.
- Lot & Garage: 4,103 sqft lot with a detached garage.
- Recent History: Last sold in June 2022 for $40,500; previously sold in July 2017 for $250,000.
- Current Assessment: $36,100.
1. How does this home compare to others nearby?
Its living area is about average for Jackson Avenue, but its assessed value is in the top 19% on the street, meaning it’s judged to be worth more per square foot than many neighbours. The lot is also larger than many in the broader Ebby-Wentworth area.
2. What does the sale history indicate?
The significant difference between the 2017 and 2022 sale prices suggests the latter transaction may not reflect a standard open market sale (e.g., it could have been a transfer between family members). The 2017 price of $250,000 is a more relevant benchmark for market value.
3. Is the renovated basement a major plus?
Yes, as it adds modern, finished space to a home from 1949. This is a valuable update that improves livability without altering the classic character of the main floors.
4. Who might this home not suit?
Buyers needing substantial, modern square footage all on one level, or those seeking a brand-new build, may find it limiting. The layout and size are characteristic of its era.
5. What’s the potential here?
The combination of an updated interior, a decent-sized lot for the neighbourhood, and a detached garage presents a clear value-add opportunity. A buyer could live in it comfortably while planning further cosmetic updates, or utilize the lot for outdoor living or expansion, subject to approvals.