Property Overview: 320 Smithfield Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home on Smithfield Avenue presents a practical and value-oriented opportunity. Its key characteristic is a compact, renovated 768 sqft living space, which is notably smaller than area averages, paired with a modest but usable 4,743 sqft lot. The home’s assessed value ranks above average for its immediate street, suggesting it is viewed favorably relative to its closest neighbors. A detached garage and a renovated basement add functional space and modern convenience.
The appeal lies in its efficiency and manageability. It’s a home that prioritizes low-maintenance living without sacrificing core functionality. The renovated basement effectively expands the usable living area, making the smaller main floor footprint more practical. This property would suit first-time buyers seeking an affordable entry into the market, downsizers looking to simplify, or pragmatic investors interested in a straightforward rental property. Its above-average assessment on the street indicates a solid foundation of value in its micro-location.
Frequently Asked Questions
1. Is the living space too small?
At 768 sqft, the main living area is compact. However, the renovated basement provides additional finished space, making the total usable square footage more comfortable for a small household or individual.
2. How does the assessed value compare?
The assessed value is strong compared to other homes on Smithfield Avenue (ranking in the top 23%), and is around the average for the wider Jefferson area and city. This suggests the property is in good standing relative to its local market.
3. What is the property’s history?
The home was built in 1948. Public records show a sale occurred in August 2019. For the exact historical sold price, you can request details via email from the listing service.
4. What are the lot size implications?
The lot is smaller than many on the same street but is near the average for the Jefferson area. It offers a manageable outdoor space suitable for a patio or small garden, with less upkeep than a larger yard.
5. Who are the typical buyers for a home like this?
This property commonly attracts first-time homebuyers, downsizers from larger homes, and investors. Its appeal is rooted in affordability, a renovated condition, and a manageable scale for both living and maintenance.