Property Overview
This is a compact, one-storey home built in 1917 on a standard city lot in Winnipeg's Jefferson neighbourhood. At 654 sqft, its living space is notably smaller than most homes in the area and across the city. The basement exists but is unrenovated, and the property does not include a garage or pool. Its recent sale price and assessed value are significantly below city-wide averages, positioning it as one of the most accessible entry points into the Winnipeg market.
Key Characteristics & Appeal
The primary appeal of this property is its straightforward affordability and low financial barrier to entry. It suits first-time buyers, investors, or downsizers seeking a minimal footprint with core functionality. Its value lies not in size or modern finishes, but in providing basic shelter at a very low cost in a established neighbourhood. A thoughtful perspective is that a home of this age and scale offers a manageable project for someone interested in gradual, sweat-equity renovations without the pressure of a large mortgage. It could also serve as a strategic holding property on a decent-sized lot. However, buyers must be comfortable with its compact size and be prepared for the maintenance or updating typical of a 109-year-old structure.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's relatively small size, age, and basic condition compared to the broader Winnipeg market, which includes many larger, newer, and more updated properties.
2. What does "below average" for living area mean practically?
It means the home's interior space (654 sqft) is smaller than approximately 85-98% of comparable homes on its street, in Jefferson, and across Winnipeg. Efficient use of space will be essential.
3. Is the unrenovated basement finished or usable for storage?
The listing specifies the basement is "not renovated," which typically means it is in a raw, utility-state (concrete floors, exposed beams/mechanicals). It is likely usable for storage and houses essential systems but is not a finished living space.
4. How recent is the sale price data?
The home sold between October and December of 2024. The exact sold price is available upon request from the listing source, as the public data shows a range.
5. What are the implications of the home being built in 1917?
While offering classic charm, it may have older building materials, electrical, and plumbing systems that require inspection. Potential updates should be budgeted for, but property taxes are likely lower due to the low assessment.