Property Overview
This 1,004 sqft one-storey home at 292 Leila Avenue in Winnipeg's Jefferson neighbourhood presents a practical, renovated living space on a standard city lot. Built in 1959, its key appeal lies in its updated basement and detached garage, offering a move-in-ready foundation. The home's metrics are consistently "around average" for its immediate area, suggesting it fits the local market norm without standout premium costs or deficiencies. It would suit first-time buyers or downsizers seeking a manageable, single-level layout in an established neighbourhood, and value-focused investors looking for a renovated property with stable, middle-of-the-road assessed values.
Key Details & FAQs
- Key Characteristics: A 1959 one-storey home with 1,004 sqft of living space, a renovated basement, and a detached garage, situated on a 4,358 sqft lot.
- Primary Appeal: The appeal is grounded in its functionality and renovation. It offers a modernized lower level and the utility of a detached garage without the price premium of a newer or significantly larger home.
- Ideal Buyer: This property is well-suited for practical first-time homeowners, those looking to downsize to a single level, or investors seeking a turnkey property with values that align closely with neighbourhood averages.
Frequently Asked Questions
1. How does this home compare in size and value to others nearby?
Within the Jefferson neighbourhood, this home is very typical. Its living area, assessed value, and lot size all rank close to the area average, meaning it’s neither the largest nor the smallest, but firmly in the middle of the local market.
2. The home was built in 1959. What should I consider?
While the basement has been renovated, the core structure is from 1959. Buyers should pay particular attention to the condition of major systems like plumbing, electrical, and the foundation, which are typical focal points for homes of this era.
3. What are the advantages of a detached garage?
A detached garage offers flexibility—it can be used for parking, storage, or as a workshop without concerns about fumes or noise entering the house. It also presents a future opportunity (subject to zoning) to develop the space between the house and garage.
4. The assessed value seems low. Does that affect the selling price?
Municipal assessed value is used for property tax calculation and doesn't directly set market price. However, its assessment being "around average" for Jefferson suggests the home is unlikely to command a premium price, potentially offering a more affordable entry point into the area.
5. Is the lot size a limitation?
At just over 4,300 sqft, the lot is smaller than the citywide average but standard for Jefferson. It provides adequate outdoor space for a patio, garden, or play area without the maintenance burden of a much larger yard.