Property Overview
This one-storey home at 250 Rupertsland Avenue in Winnipeg's Jefferson neighbourhood presents a straightforward, value-oriented opportunity. Its key appeal lies in its efficient scale and a recently renovated basement, offering functional living space within a modest 768 sqft footprint. The detached garage and a roughly 5,000 sqft lot provide practical outdoor and storage space typical for the area. With an assessed value significantly below the citywide average, it positions itself as an accessible entry point into the market.
The home would suit first-time buyers or downsizers seeking a manageable property without a major renovation project, thanks to the updated basement. Investors may also see potential in its below-average valuation for the area. A less obvious perspective is that its smaller-than-average size for the street and neighbourhood could translate to lower ongoing utility and maintenance costs, a practical advantage often overlooked. It’s a home that prioritizes function and affordability over grandeur.
Frequently Asked Questions
1. Is the house significantly smaller than others in the area?
Yes. At 768 sqft of living area, it ranks in the bottom third for size on its own street and within the Jefferson neighbourhood, where comparable homes average about 1,075 sqft and 1,029 sqft, respectively.
2. What does the assessed value tell us about the property?
The assessed value of $26,600 is below the average for Rupertsland Avenue and Winnipeg overall. This can indicate a more affordable entry point, but it's essential to compare it with recent sale prices and consider factors like the home's smaller size.
3. How old is the home, and what might that mean for maintenance?
Built in 1948, it is typical for its immediate area but older than the Winnipeg average. Buyers should factor in the potential for age-related updates, though the renovated basement is a noted positive.
4. What was the recent sale history?
The property sold in August 2023 for an estimated price between $25,500 and $28,500, which aligns closely with its current assessed value.
5. How does the lot size compare?
The land area of 5,014 sqft is very close to the averages for the street, neighbourhood, and city. It provides a standard-sized yard for the area, neither a standout feature nor a drawback.