Property Overview: 346 Enniskillen Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a standard-sized lot in Jefferson presents a straightforward, entry-level opportunity. Its key characteristic is its compact size, with a living area of 700 sqft that is notably smaller than most comparable homes in the area and city-wide. This is balanced by a recently renovated basement, adding functional space. The home’s assessed value is modest and aligns closely with the neighborhood average, suggesting it is priced accessibly within its immediate context.
The primary appeal lies in its potential as an affordable foothold in the market. It suits first-time buyers, downsizers, or investors seeking a lower-cost property with a renovated basement that could generate rental income or serve as a flexible living space. A thoughtful perspective is that its smaller footprint translates to lower utility costs and less maintenance, which can be a significant long-term advantage. It’s a practical choice for those prioritizing financial efficiency and location over square footage, ideal for someone comfortable with a cozy, efficient layout.
Section 2: Frequently Asked Questions
1. Is the home’s smaller living area a concern?
While the 700 sqft living area is below average, the renovated basement significantly expands the usable space. The home is best evaluated on its total functional footprint rather than its main-floor square footage alone.
2. How does the assessed value compare to recent sale prices?
The home last sold in July 2019 for an estimated $18.5k–$21.5k. Its current assessed value of $26.4k is higher, reflecting market changes and potential updates like the basement renovation. It sits around the average for the Jefferson neighborhood.
3. What is the typical buyer or investor for this property?
It most commonly attracts first-time homebuyers seeking an affordable entry point, practical downsizers, or investors looking for a property with income potential from the basement suite.
4. Are there any obvious advantages to the lot or location?
The lot size is average for the area, offering standard outdoor space without excessive upkeep. Its location on Enniskillen Avenue places it in a mature neighborhood with established amenities and infrastructure.
5. How old is the property, and what does that imply?
Built in 1950, the home is typical for its neighborhood. Buyers should budget for maintenance consistent with a home of this age, while also appreciating the character and established lot that often comes with older properties.