Property Summary: 288 Royal Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1948, offering 840 square feet of living space on a roughly 4,400 sqft lot. Its key updated feature is a renovated basement, adding functional living area. The home includes a detached garage. In the context of its immediate Jefferson neighborhood and Royal Avenue street, it consistently ranks as average or slightly below average for metrics like size, assessed value, and lot size. This positioning is central to its appeal: it represents a grounded, no-frills entry point into the market. The appeal lies in its manageability and the value of a renovated basement in a home of this era, which adds practical space without the premium of a larger or fully modernized property. It would suit first-time buyers, downsizers, or practical investors looking for a straightforward, lower-maintenance footprint in an established area. A thoughtful perspective is that its "average" rankings within its immediate surroundings suggest a stable, predictable investment without the volatility or premium of a standout property, which can be a prudent choice.
Frequently Asked Questions
1. How does the living space compare to typical homes?
At 840 sqft, the living area is below the Winnipeg city average but is fairly typical for Royal Avenue and the Jefferson area, where comparable homes average around 1,050 sqft.
2. What is the significance of the assessed value rankings?
The assessed value is around average for the street and neighborhood but below the citywide average. This generally indicates the home is priced in line with its immediate community, not the broader, more expensive Winnipeg market.
3. What does a "renovated basement" mean in a home from 1948?
While specifics would require an inspection, this indicates functional living space has been added or updated below grade. It's a key value-add for a smaller main floor plan, but buyers should inquire about the renovation's scope, permits, and moisture control.
4. How does the lot size affect potential?
The lot is average for the area. It provides standard outdoor space but may not allow for significant expansions or additions without careful planning, given the home's existing footprint and typical bylaws.
5. Where can I find the exact historical sale prices?
The listed sale price ranges are estimates from public data. The exact sale price history is available by request via email from the listing service, which provides the accurate figures manually.