Property Overview: 283 Matheson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Jefferson neighborhood, built in 1930. With 704 square feet of living space and a recently renovated basement, it represents a highly efficient and manageable footprint. The lot size is modest at just over 3,200 square feet, which translates to less yard maintenance. Its assessed value is notably lower than the city-wide average, positioning it as an accessible entry point into the market.
The primary appeal lies in its affordability and simplicity. It suits first-time buyers seeking a straightforward, no-frills starter home, or investors looking for a rental property with lower upfront costs. The renovated basement adds functional living space, a valuable asset in a smaller home. A thoughtful perspective for the right buyer is the potential for a lower cost of living—smaller spaces mean lower utility bills and less expenditure on furnishings and upkeep. It’s a property for those who prioritize financial pragmatism and ease of maintenance over size.
Section 2: Frequently Asked Questions
1. Is this a "tiny home"?
While small at 704 sqft, it is larger than most defined "tiny homes." It is a compact, traditional bungalow, offering the essentials in a efficient layout without being overly cramped.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's smaller size, age, and the neighborhood's market conditions. In Jefferson, its assessment is around the average, but it falls below the average for the entire city, where larger, newer homes drive up the median.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand if it's a finished living space, a rental suite, or simply updated.
4. There's no garage. What are the parking options?
The property has no garage. Parking is likely via a driveway or on-street. Verifying the exact parking arrangement is important, especially in a neighborhood with smaller lots.
5. The home sold very recently (June 2024). Why is it back on the market?
The quick resale could be due to many neutral factors, such as an investor flipping it, a change in the previous buyer's circumstances, or a strategic sale by a renovator. It does not inherently indicate a problem with the property but is a point for due diligence.