Property Summary: 330 Royal Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1947, situated on a standard-sized lot in the Jefferson area. Its key characteristic is its affordability, reflected in a well-below-average assessed value compared to the city and its immediate neighborhood. With 660 sqft of living space, the house is significantly smaller than most comparable properties, and it features a detached garage and an unrenovated basement.
The primary appeal lies in its position as a genuine entry-point into homeownership or a potential investment opportunity. It suits buyers with a limited budget who prioritize getting onto the property ladder in a stable neighborhood over move-in-ready condition or space. The lot size is average for the area, offering potential for expansion or outdoor use relative to the home's footprint. A thoughtful perspective is that this property represents a low-cost base for a long-term, sweat-equity project, or could serve as a straightforward rental property given its low cost basis. It is less suited for those needing ample living space or a turn-key home, as the basement condition suggests immediate upgrades may be required.
Frequently Asked Questions
1. Why is the assessed value so much lower than the average home?
The assessed value is primarily driven by the home's smaller size (660 sqft), its age, and the condition of elements like the unrenovated basement, making it valued as a more basic dwelling compared to larger, updated properties.
2. What does "Top 98%" for Living Area city-wide mean?
This statistic means that 98% of homes city-wide have a larger living area. For this property, it indicates that its interior space is among the most compact when compared to the entire Winnipeg market.
3. Is the sold price history reliable?
The listed sold prices are estimated ranges based on public data. For exact historical sale figures, you must request the information directly from SaveOnHouse via the provided email service.
4. Who would this property be a good fit for?
It would best suit first-time buyers with a tight budget, investors looking for an affordable rental property, or individuals willing to undertake renovations over time in exchange for a lower purchase price.
5. How does the lot size compare?
At just under 4,813 sqft, the lot is around the average size for both Royal Avenue and the Jefferson area, meaning the outdoor space is typical for the neighborhood despite the home's smaller footprint.