Property Overview: 353 Rupertsland Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home in the Jefferson neighbourhood presents a practical opportunity centered on value and potential. Its key appeal lies in a desirable imbalance: while the 768 sqft living area is modest and below local averages, it sits on an above-average, spacious lot of over 5,700 sqft. This combination suggests the property’s value is driven more by its land than its current structure. The renovated basement adds functional living space, and the detached garage offers utility or storage. Recent sale data indicates strong price appreciation, reflecting growing demand for such lots.
It’s a property that suits a specific buyer: those comfortable with a smaller, older home (built 1948) who see long-term value in the land itself. This could be a first-time buyer looking for an affordable entry into the market with room to grow later, or an investor/owner who views the large lot as a canvas for future expansion, a garden, or redevelopment. Its assessed value ranks highly for the street, suggesting it's already seen as a solid asset in its immediate area.
Frequently Asked Questions
1. Is the house in good condition?
The listing notes a renovated basement, which is a positive update. As a home built in 1948, prospective buyers should budget for a thorough inspection to assess the condition of major systems like plumbing, electrical, and the roof, which are typical considerations for houses of this era.
2. Why is the living space smaller than average?
This is characteristic of many post-war bungalows. The trade-off is the larger lot size. The home’s footprint is compact, but the property offers significant outdoor space, which is a less common find in today’s market and often a priority for buyers seeking room for pets, gardening, or privacy.
3. What does the sold price history indicate?
The data shows a significant increase in sale price between 2019 and 2024. This trend suggests the property and its Jefferson location have been appreciating in value, likely influenced by the desirable lot size and overall market conditions.
4. Who would this property not suit?
It may not be the best fit for buyers seeking a large, move-in-ready home with ample interior space or modern, open-concept layouts. The smaller square footage and older layout require a willingness to live compactly or plan for future renovations.
5. How does the detached garage impact the lot?
A detached garage provides excellent storage or workshop space but also occupies part of the large lot. For a buyer interested in maximum yard space or future additions, its placement and potential to be repurposed or removed could be an important factor in their plans.