Property Overview
This 780 sqft, one-storey home at 353 Smithfield Avenue in Winnipeg's Jefferson neighborhood presents a specific and practical value proposition. Built in 1947, its key appeal lies in the balance between its compact living space and its generous 5,708 sqft lot, which is notably larger than most in the immediate area. The home features a renovated basement, but no garage or pool. Its assessed value is significantly below average for the city, reflecting its modest size and age.
The property suits first-time buyers or investors seeking an entry point into the market with a manageable footprint and a focus on land value. It would also appeal to those with a vision for expansion or outdoor projects, where the large lot offers future potential that the current house does not. Its below-average price and taxes could provide financial breathing room for gradual improvements. A less obvious perspective is that a home of this size and vintage in a mature neighborhood often fosters a simpler, more efficient lifestyle, appealing to downsizers or those seeking minimal upkeep without leaving the community.
Frequently Asked Questions
1. What is the exact recent sale price?
The available public data shows a sale in April 2019 for an estimated range of $17.5k to $20.5k. For the precise sale price, you can request the information directly via the provided email service.
2. How does the lot size compare to nearby properties?
The land area of 5,708 sqft is a standout feature. It ranks in the top 21% on its own street and the top 19% in the Jefferson area, meaning it is substantially larger than many neighboring lots.
3. Is the house particularly small?
Yes. With 780 sqft of living area, it is below average for the street, neighborhood, and city. This makes it a compact home, but one where the space may be efficiently used, especially with the renovated basement.
4. What does the below-average assessed value indicate?
The assessed value of $25.5k is well below city averages. This typically results in lower property taxes, which is a financial advantage. It primarily reflects the home's smaller size and older age rather than the land itself.
5. What is the condition of the home?
The listing confirms the basement has been renovated. As a home built in 1947, prospective buyers should budget for potential updates to other original systems, such as plumbing, electrical, or the roof, which is a common consideration for houses of this era.