Property Overview
250 Hartford Avenue is a modern, renovated bi-level home in Winnipeg's Jefferson neighbourhood. Built in 2016, it stands out as one of the newest homes in an area predominantly featuring mid-20th century construction. The home offers 1,056 sqft of living space, which is competitively sized for the local area, and includes a renovated basement. It sits on a modest, low-maintenance lot of 2,904 sqft. Notably, its assessed value consistently ranks well above average for both the street and the wider Jefferson area, suggesting strong perceived value relative to its neighbours.
Key Characteristics & Appeal
The primary appeal of this property lies in its modern foundation within an established neighbourhood. Buyers gain the benefits of a newer build (like contemporary wiring, insulation, and systems) without having to move to a distant suburb. The renovated basement adds functional living space. Its above-average assessed value for the immediate area indicates it's likely a well-maintained or upgraded asset compared to nearby properties.
This home would suit first-time buyers or downsizers looking for a modern, low-maintenance property in a mature community. It’s also a practical choice for investors or owner-occupants who value newer infrastructure and want to avoid the immediate major repairs often associated with older homes. The smaller lot is a trade-off, offering easier upkeep but less private outdoor space.
Frequently Asked Questions
1. Why is the assessed value so much higher than many neighbours?
The assessed value is likely higher due to the home's recent build year (2016) and the renovated basement. These factors significantly increase its value compared to the many older, unrenovated homes in Jefferson.
2. What does the "bi-level" design mean for daily living?
A bi-level typically has a front door opening to a short staircase, with living areas split between two half-levels. This can offer good separation of space (e.g., bedrooms on one level, living area on another) but involves more stairs than a bungalow.
3. Is the smaller lot size a major concern?
It depends on your lifestyle. The lot is significantly smaller than the area average, meaning less yard for gardening, play, or expansion. However, this translates to minimal yard work and lower maintenance, which many buyers prefer.
4. The home has sold three times since 2016. Is that a red flag?
Not necessarily. The sales history shows steady price appreciation with each transaction. The turnover could be due to investor activity, personal circumstances of the owners, or typical movement in a starter-home market.
5. Are there any obvious drawbacks not immediately apparent?
The property has no garage, so parking and storage will be limited to the driveway and the basement. Additionally, while the home is new, it's important to verify the quality and permits for the basement renovation.