Property Overview
This one-storey home at 345 Smithfield Avenue in Winnipeg's Jefferson area presents a compact and efficient living space. Its key appeal lies in being a modest, renovated property with a manageable footprint. The 728 sqft living area is notably smaller than area averages, positioning it as one of the more compact homes on the street and in the city. This is balanced by a renovated basement and a detached garage. The lot size of 4,744 sqft is fairly typical for the Jefferson neighborhood. With an assessed value around the local average and a last sale in late 2021, it represents an entry-point opportunity in the market.
The property would suit first-time buyers, downsizers, or investors seeking a straightforward, low-maintenance home. Its smaller size means lower utility costs and less upkeep, which is a distinct advantage for those looking to minimize ongoing expenses. The renovated basement adds functional living space, which is a crucial upgrade in a home of this size. A thoughtful perspective is that while the house itself is compact, the lot provides a good ratio of outdoor to indoor space for the area, offering potential for gardening or expansion relative to the home's footprint.
Frequently Asked Questions
1. Is the smaller living area a concern?
While the 728 sqft main floor is below average, the inclusion of a renovated basement significantly increases the usable living space. This makes the home practical for a small household or someone comfortable with efficient, multi-use rooms.
2. What does the assessed value tell me?
The assessed value is around the average for both Smithfield Avenue and the wider Jefferson area. This suggests the property is priced consistently with its immediate neighbors, rather than being an outlier, which can provide a sense of stability and fair market positioning.
3. How does the lot size compare?
At just under 5,000 sqft, the lot is slightly smaller than others on Smithfield Avenue but is very typical for the Jefferson neighborhood overall. It offers a standard urban yard space.
4. The home was built in 1948. What should I consider?
A home of this age will have character but requires a diligent inspection. Focus on the condition of major updated systems, the quality of the basement renovation (including moisture control), and the foundation. The detached garage may also be of a similar vintage.
5. Why is the exact sold price from 2021 not shown publicly?
Exact sale prices are not always part of public records. The provided range is based on available data, and the accurate figure can be requested directly from the listing service, a common practice to ensure data privacy and accuracy.