Property Overview: 291 Matheson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home on Matheson Avenue in the Jefferson area presents a compelling blend of space, location, and value. Its key characteristic is its generous 2,055 sqft of living area, which places it in the top 6% of homes on its street and the top 1% within the Jefferson area itself. This significant above-average space is complemented by a renovated basement and a detached garage. Built in 1950, the home is newer than many on its street but is a mature property, suggesting a well-established neighborhood feel.
The appeal lies in its standout proportions for the immediate area, offering more interior room than most comparable homes. With an assessed value that ranks in the elite top 5% on Matheson Avenue and top 2% in Jefferson, it is positioned as a premium property within its local context, though it sits around the city-wide average. This creates an interesting value proposition: you are acquiring a leading home in a specific community rather than an ultra-high-end city property. The lot size is solid and above average for Jefferson, providing good outdoor space.
This property would ideally suit buyers looking for a spacious family home in a mature neighborhood, who prioritize interior square footage and the potential of a renovated basement. It’s for those who value being a big fish in a local pond—owning one of the larger, more valuable homes on the block and in the community—rather than chasing the city's most exclusive postal codes.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the last sold price?
The home sold in July 2020 for between $325,000 and $355,000. Its current assessed value is $402,000, which indicates significant appreciation in line with market trends over the past five years.
2. Is the house unusually large for the neighborhood?
Yes. The living area is notably larger than the average for both Matheson Avenue and the wider Jefferson area, placing it in the top tier locally. This means you get more house for the area, but also that future resale will be compared to typically smaller homes.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finish. This is a key detail to clarify with the selling agent to understand if it’s a finished living space, a modernized utility area, or something in between.
4. How does the lot size compare?
At 5,437 sqft, the lot is above average for the Jefferson area but around the average for the specific street. It provides a decent outdoor footprint typical for the block.
5. The home is older; should I be concerned about major updates?
Built in 1950, it is newer than many homes on Matheson Avenue. However, being 76 years old, the condition of major systems (like roof, plumbing, electrical) and the extent of modernizations beyond the basement renovation are critical factors for a professional inspection to address.