Property Overview
230 Hartford Avenue is a compact, one-storey home with a renovated basement and a detached garage. Built in 1918, it sits on a 3,871 sqft lot in Winnipeg's Jefferson neighbourhood. The home's key metrics—644 sqft of living space and a $21,400 assessed value—are notably below averages for its street, area, and the city. It last sold in early 2022.
Key Characteristics & Appeal
This property’s primary appeal lies in its position as an accessible entry point into the Winnipeg housing market. Its very low assessed value and compact size suggest it could suit first-time buyers, investors looking for a rental property, or those seeking a minimalist footprint without a large mortgage. The renovated basement adds functional living space, which is a significant asset in a smaller home.
The data reveals a less obvious perspective: while the house itself is modest, its lot size is more competitive, ranking in the top 72% on its street. This presents potential for expansion, gardening, or outdoor living that the interior square footage does not. It suits a buyer who values land over a large interior or sees potential in a gradual, sweat-equity renovation. The price history indicates stability, making it a straightforward, low-risk proposition rather than a speculative investment.
Frequently Asked Questions
1. Is this a "tear-down" or a liveable home?
The listing notes a renovated basement, indicating the property is likely liveable. However, given its age (108 years) and size, some buyers may consider it a candidate for future major renovation or replacement, depending on their goals and budget.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's smaller size, age, and the local market conditions in Jefferson. It is consistent with values for similar, modest homes in the area and is not an outlier.
3. What does the sold price history tell me?
The home sold in February 2022 for an estimated range of $19.5k to $22.5k. This is close to its current assessed value, suggesting a stable, low-volatility price point in the market.
4. Who would this property not suit?
It would not suit buyers needing ample indoor space, those unwilling to manage the upkeep of a century-old home, or families requiring multiple bedrooms. Its scale is best for individuals, couples, or investors.
5. What is the potential here for the right buyer?
The potential lies in the combination of a low-cost asset and a decent-sized lot. The right buyer could live affordably while improving the property over time, use it as a rental, or eventually redevelop the lot, all with minimal financial pressure from a large mortgage.