Property Summary: 269 Jefferson Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home on a standard city lot in Winnipeg's Jefferson neighbourhood. Built in 1921, its key characteristic is its modest scale and valuation. With 840 sqft of living space, an unrenovated basement, and a detached garage, it sits below area averages for both size and assessed value. Its appeal lies in its straightforward, entry-level positioning. It represents a lower financial barrier to homeownership in the city, potentially offering lower property taxes due to its assessment. The lot size is fairly typical for the immediate street, providing adequate outdoor space.
This property would suit a pragmatic, budget-conscious first-time buyer, an investor looking for a straightforward rental property, or someone seeking a minimal footprint. It's a home for those who see potential in a basic structure or prioritize cost and location over modern finishes and square footage. A thoughtful perspective is that a home of this age and condition on a decent lot can represent a "blank canvas" for someone with renovation skills or a long-term vision, allowing equity to be built through sweat equity rather than a large initial purchase price.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed values are based on factors like home size, age, condition, and local market trends. This home's modest size, older age, and unrenovated state place its official valuation significantly below the average for Winnipeg, which includes newer and larger homes across all neighbourhoods.
2. What does "Top 76%" for Living Area mean?
This ranking means the home's living area is larger than 76% of comparable homes on Jefferson Avenue. While its 840 sqft is below the street's average, it's not among the very smallest. It indicates a moderately compact home within its specific local context.
3. Is the unrenovated basement finished?
The listing specifies the basement is "not renovated," which typically means it is unfinished. Buyers should anticipate a raw space suitable for storage or mechanicals, with potential for future development subject to permits and codes.
4. How recent is the sold price data shown?
The last recorded sale for this property was in August 2020. The price range shown is an estimate based on public data. For the exact historical sold price, you can request it directly via the provided email service.
5. What are the implications of buying a home built in 1921?
A home of this age offers classic character but warrants careful attention. Buyers should prioritize inspections for foundational integrity, plumbing and electrical systems (which may need updating), and insulation. While it requires vigilance, many homes of this era were built with durable materials.