Property Overview: 309 Rupertsland Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, post-war one-storey home built in 1948, situated on a standard-sized lot in the Jefferson neighbourhood. Its key characteristic is its modest scale, with 768 sqft of living space—considerably smaller than average for the area and city. This is balanced by a renovated basement, adding functional space, and a detached garage. The home’s assessed value is notably below average for its immediate street and neighbourhood, suggesting a potentially accessible entry point into the market.
The appeal lies in its practicality and efficiency. It suits first-time buyers or downsizers seeking a manageable, low-maintenance footprint without sacrificing a full basement or garage. The below-average assessment, relative to nearby homes, could indicate room for equity growth as improvements are made. A thoughtful perspective is that smaller homes like this often have proportionally lower utility and maintenance costs, which can be a significant long-term advantage. It’s a straightforward property for someone whose priorities are location and lot over square footage, ideal for a pragmatic buyer comfortable with a cozy layout.
Frequently Asked Questions
1. Is the house too small?
At 768 sqft, the living area is smaller than most homes in Winnipeg. It will feel compact, making the renovated basement and efficient layout important for comfortable living. It’s best suited for individuals, couples, or small families.
2. Why is the assessed value lower than the neighbourhood average?
The assessment reflects factors like the home’s smaller size, age, and specific market conditions. A value below area averages can represent a more affordable entry point, but it’s essential to understand current market pricing, which may differ.
3. What does the sold price history indicate?
The home sold in June 2019 for an estimated range of $20.5k to $23.5k. This historical data provides context, but the current market value will be determined by present-day conditions, recent comparable sales, and the home’s updated condition.
4. How does the lot size compare?
The lot is approximately 4,742 sqft, which is average for Jefferson but smaller than many city-wide lots. It provides adequate outdoor space without being burdensome to maintain.
5. What are the implications of a home built in 1948?
Built 78 years ago, the home is typical for its area. While it has a renovated basement, buyers should be prepared for the potential maintenance and updates common to houses of this era, such as older windows, plumbing, or electrical systems. A thorough inspection is recommended.