Property Overview
This two-storey home on Enniskillen Avenue presents a practical opportunity in Winnipeg's Jefferson neighbourhood. Built in 1950, it offers 1,249 sqft of living space and sits on a notably large lot of over 5,700 sqft. The property has a full, unrenovated basement and does not include a garage or pool. Its current assessed value is significantly below average for the area, which is a defining characteristic of this listing.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of space and value. The living area is comfortably above average for both the immediate street and the Jefferson area, offering more room than many comparable homes. The standout feature, however, is the land. The lot size ranks in the top 9% on its street and the top 17% in Jefferson, providing ample outdoor space that is increasingly rare. This combination of a spacious lot with a solid-sized house, all at a below-average assessed value, creates a clear value proposition.
This home would suit a specific type of buyer: those who see potential rather than a finished product. It’s an ideal match for a handy homeowner or investor comfortable with a basement that awaits their personal touch. The large lot is a significant asset, appealing to buyers prioritizing outdoor space for gardening, play, or future expansion over a move-in-ready interior. It represents a classic "sweat equity" opportunity where the value can be built through renovation and landscaping over time.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is for municipal tax purposes and is influenced by many factors, including the home's condition, specific location, and recent sales of comparable properties in its immediate area. A below-average assessment often reflects the unrenovated state of the home and is not a direct market valuation.
2. What does "basement, not renovated" typically mean?
This usually indicates the basement is in original or functional condition but lacks modern finishes. It likely has the core systems (furnace, electrical) but may have older flooring, walls, and ceilings. It presents both a blank canvas and a project to factor into planning.
3. How does the lack of a garage affect daily living and value?
For many buyers, this is a significant consideration. It means relying on street parking and finding alternative storage solutions. While it contributes to the lower assessed value, the large lot does offer potential for adding a garage or shed in the future, subject to local bylaws.
4. The home sold in 2016. What can that price history tell me?
The past sale price provides a historical benchmark, showing the property's value trajectory. However, the real estate market and the property itself have likely changed in the years since. It's a useful data point, but current value will be determined by today's market conditions and the home's present state.
5. Is the large lot a major advantage?
Absolutely. In established neighbourhoods, lot size is a fixed commodity that cannot be replicated. This large lot provides privacy, space for recreation, and long-term flexibility that smaller parcels do not. It is often the most valuable and appealing aspect of older properties.