Property Overview & Key Characteristics
This one-storey home at 893 Jefferson Avenue in Winnipeg's Garden City neighbourhood presents a practical and well-maintained living option. Its key appeal lies in a combination of space, recent updates, and a solid position within its area. The property sits on a large, 6,046 sqft lot, which is notably larger than most on its street and in Winnipeg overall, offering ample outdoor space. The living area of 1,115 sqft is also above average for the immediate area. A significant feature is the renovated basement, adding valuable finished space. The home includes an attached garage and was built in 1963.
Its strongest suit is for buyers seeking a move-in-ready, single-level home with a low-maintenance yard or expansion potential. It would particularly suit first-time homeowners, downsizers looking for manageable space without sacrificing lot size, or investors attracted by the renovated condition and the property's rankings for lot size and value within its community. A less obvious perspective is that while the home itself is of average age for the area, the lot size is a standout, long-term asset that is increasingly rare, offering privacy and future possibilities that smaller lots do not.
Frequently Asked Questions
1. How does the assessed value relate to the likely listing price?
The assessed value of $34,900 is for municipal tax purposes and is typically significantly lower than market value. It serves as a useful benchmark for comparing property taxes against similar homes, but not for determining sale price.
2. What does "renovated basement" typically mean for a home of this era?
In a 1963 home, a renovated basement often includes modernized finishes, proper flooring, and updated lighting. It's important to clarify the scope of the renovation, including any updates to moisture control, insulation, and electrical systems, which are key in older homes.
3. The home ranks highly for lot size but mid-range for year built. What does this imply?
This suggests the property offers a premium in terms of outdoor space and potential, while the house itself is a standard, well-established age for the neighbourhood. The value here is weighted toward the land, which is a finite resource.
4. Who might the "For Reference" and "Worth Viewing" comparable listings be useful for?
These comparisons are helpful for gauging the local market. "For Reference" properties show similar homes in the same neighbourhood, while "Worth Viewing" listings may highlight competing options in different areas that offer similar value, helping you understand this home's relative position.
5. Is the attached garage a standard feature for homes like this?
In this price range and neighbourhood, an attached garage is a valuable and desirable feature, offering significant convenience, especially in winter. It is not a given for all one-storey homes from the 1960s, so it is a practical advantage.