Property Overview
This one-storey home at 712 Jackson Avenue in Winnipeg's Ebby-Wentworth neighbourhood presents a straightforward, value-oriented opportunity. Built in 1951, it features 845 sqft of living space, a detached garage, and a full, unrenovated basement on a 4,301 sqft lot. Its assessed value is notably below the citywide average, positioning it as an accessible entry point into the market.
Key Characteristics & Appeal
The primary appeal of this property lies in its practicality and potential. The home's living space is compact and efficient, suited for a minimalist lifestyle or as a manageable first home. Its lot size is a standout feature for the Ebby-Wentworth area, being larger than many neighbourhood peers, which offers valuable outdoor space and future possibilities. The unrenovated basement presents a blank canvas for finishing to add liveable square footage according to a new owner's taste and budget.
This home would best suit a first-time buyer, an investor, or a hands-on individual looking for a property where the value is anchored in the land and structure, not in recent upgrades. It’s for someone comfortable with a home that may require updates over time, seeing the condition not as a drawback but as an opportunity to build equity through personalization without paying a premium for already-completed renovations. The below-average citywide assessment suggests a lower property tax burden, a practical advantage that is sometimes overlooked.
Frequently Asked Questions
1. How does the property's size compare to the area?
At 845 sqft, the living area is below the Winnipeg average but fairly typical for Jackson Avenue and the immediate Ebby-Wentworth neighbourhood. The lot size of 4,301 sqft, however, is larger than many lots in the area.
2. What does "basement not renovated" imply?
This indicates the basement is in original or utilitarian condition. It is likely unfinished or partially finished but not updated. Buyers should budget for any desired improvements and consider a thorough inspection to understand its current state.
3. Who might this property not be suitable for?
It may not suit buyers seeking a move-in-ready home with modern finishes, or those needing significant space without immediate renovation plans. The one-storey layout with a basement also requires navigating stairs for additional space.
4. What is the significance of the assessed value being below the city average?
A below-average assessed value generally correlates with lower municipal property taxes. It also reflects the home's more modest size and condition compared to the broader Winnipeg market, highlighting its value-oriented price point.
5. Are there recent sales to indicate the market?
The last recorded sale was in January 2016. For a current market valuation, consultation with a local real estate professional who can analyze recent, comparable sales in Ebby-Wentworth is essential.