Property Overview: 884 Jefferson Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey bungalow on Jefferson Avenue is a classic Garden City home built in 1959, offering a practical and straightforward living space. With 1,040 sqft of living area and a renovated basement, it presents a solid, move-in-ready canvas. Its assessed value is notably below the neighbourhood average, which can indicate a favourable tax position or an opportunity for value growth. The lot size is generous for the street, providing above-average outdoor space for the immediate area.
The appeal lies in its uncomplicated functionality and its position as a statistically average home on its street, offering stability and predictability. It suits first-time buyers seeking an affordable entry into the Winnipeg market, practical-minded individuals who value a renovated basement and a manageable yard, or investors looking for a dependable rental property in an established neighbourhood. A less obvious perspective is that a home ranking "around average" across multiple metrics can represent a lower-risk purchase, insulated from the extremes of over-improvement or severe undervaluation.
Section 2: Frequently Asked Questions
1. What does the "below average" assessed value for Garden City mean?
It means the city's assessment for this home is lower than most similar properties in the broader Garden City neighbourhood. This often results in relatively lower property taxes, which is a financial advantage for the owner.
2. Is the living space sufficient for a family?
At 1,040 sqft plus a renovated basement, the home offers typical space for a bungalow of its era. It would comfortably suit a small family, a couple, or an individual, with the basement providing crucial flexible space for recreation, office, or guests.
3. What is the significance of the lot size rankings?
The lot is larger than most on Jefferson Avenue but smaller than many in Garden City overall. This suggests you get a better-than-average yard for the immediate block, which is a perk for gardening or outdoor living, though not an exceptionally large parcel by wider suburban standards.
4. How recent was the basement renovation, and what does it include?
The provided details confirm the basement is renovated but do not specify the date or scope. This is a key question for a buyer to ask the listing agent or to investigate during a viewing to understand the quality and permits of the work.
5. Why is the citywide assessed value comparison so different?
The citywide benchmark average shown ($390k) is likely a general city average that includes all property types and values, making it less relevant for direct comparison. The more meaningful metrics are the "comparable homes" averages provided for the street and neighbourhood, which are in the $30k-$35k range and directly contextualize this property.