Property Overview: 293 Jefferson Avenue
Key Characteristics & Buyer Appeal
This one-and-a-half storey home, built in 1915, presents a practical opportunity in Winnipeg's Jefferson area. Its key characteristics include a modest 880 sqft of living space, a renovated basement, and a detached garage on a standard 3,878 sqft lot. The home’s assessed value is notably below average for the city, reflecting its smaller size and older age compared to many Winnipeg properties.
The appeal lies in its straightforward, no-frills offering. It suits a specific buyer: someone seeking an affordable entry point into homeownership, a practical investor looking for a rental property, or a downsizer wanting minimal upkeep. The renovated basement adds functional living space, a valuable upgrade in a home of this era. A less obvious perspective is that its older construction and smaller footprint can mean lower utility costs and property taxes, aligning with a frugal or minimalist lifestyle. It’s not a luxury property, but a grounded, functional home that prioritizes necessity over excess.
Frequently Asked Questions
1. Is this a fixer-upper?
While the basement is renovated, the main house, built in 1915, likely requires ongoing maintenance or updates common to century-old homes. Buyers should budget for modernizing essentials like wiring, plumbing, or windows.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's smaller square footage, older age, and the property's characteristics relative to the broader Winnipeg market, which includes many larger, newer homes. It indicates a more affordable tax base.
3. What does the sold price history tell us?
The price increased significantly between the 2019 and 2020 sales, suggesting rising demand or improvements made in that period. However, prices remain in a very affordable range compared to city-wide averages.
4. Who would this property not suit?
It likely wouldn't suit a growing family needing ample bedroom space or someone desiring a modern, open-concept layout. The living area is below average, indicating compact rooms.
5. What is the neighbourhood like?
Based on the data, Jefferson is an established area with homes of varying ages and values. The property's metrics are more in line with the immediate street and area averages than the city-wide ones, suggesting a consistent, modestly-priced neighbourhood character.