Property Overview
This is a compact, one-storey home on a standard city lot at 325 Jefferson Avenue in Winnipeg. Built in 1946, its key feature is a renovated basement, adding valuable functional space to the 672 sqft main floor. The home includes a detached garage. The data indicates it is a smaller and more affordable property relative to most in the city, with a notably low assessed value. Its last known sale was in the spring of 2017.
Key Characteristics & Appeal
The primary appeal of this property is its position as an entry-point home or a straightforward investment opportunity. Its smaller size and lower assessed value suggest a correspondingly lower price point, making it a potential fit for first-time buyers, downsizers, or investors seeking a manageable rental property. The renovated basement is a practical advantage, effectively expanding the usable living area beyond the modest main floor. The detached garage offers utility and storage.
It would best suit a buyer comfortable with an older, character home who prioritizes financial accessibility and practicality over square footage. A thoughtful perspective is that a home of this size and vintage on a decent lot could appeal to someone interested in a gradual, live-in renovation, focusing on main-floor efficiency while utilizing the basement as already-improved flexible space. It’s not a home for those needing ample room, but rather for those who see value in simplicity and potential.
Frequently Asked Questions
1. What does the ranking data (e.g., "Top 95%") actually mean for living area?
It means this home's living area is smaller than approximately 95% of comparable homes in the immediate area. This quantifies the note that it is a compact property relative to its neighbours.
2. The assessed value seems very low compared to the city-wide average. Why?
Assessed values are for municipal tax purposes and are influenced by many factors, including home size, condition, and local market trends. This assessment reflects the home's smaller size, age, and the characteristics of its specific neighbourhood market.
3. Is the renovated basement a legal suite?
The listing states it is a "renovated basement" but does not specify it as a legal or separate suite. This is a critical point to verify with the seller and local municipality, as an illegal suite can have insurance and liability implications.
4. What should I consider about a home built in 1946?
While the basement has been renovated, the core home is 80 years old. Prospective buyers should pay special attention to the condition of major aging components, such as the foundation, plumbing, electrical systems, and roof, during an inspection.
5. How can I get the exact historical sale price?
The exact sold price is not publicly displayed. As noted on the detail page, you can request it by email from the site provider, who manually provides the data without using your email for unsolicited marketing.