Property Overview
This 652 sqft, one-storey home at 357 Smithfield Avenue in Winnipeg's Jefferson neighbourhood presents a straightforward, entry-level opportunity. Built in 1947, it sits on a 4,746 sqft lot and features a basement (not renovated), with no garage or pool. Its key appeal lies in its affordability and lot size, with an assessed value significantly below city averages. The home ranks below average for size and value even within its immediate area, positioning it clearly as a fixer-upper or investment property rather than a move-in-ready home.
It would best suit a hands-on buyer looking for a foothold in the market—an investor, a first-time buyer comfortable with renovations, or someone seeking a land-value play. The numbers suggest the value is primarily in the land and the structure's potential, not in its current condition or finishes. A thoughtful perspective is that its below-average metrics on the street and in the neighbourhood could mean less competition from traditional buyers, but also indicates it requires attention to bring it up to par with surrounding homes.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value of approximately $24,600 reflects the home's smaller size, older age, and likely its current condition compared to the broader Winnipeg market. It is also below the average for both the Jefferson neighbourhood and Smithfield Avenue itself.
2. What does "below average" for living area mean in practical terms?
At 652 sqft, this home is notably smaller than most. Comparable homes on the same street average about 1,035 sqft, and city-wide averages are over 1,300 sqft. Buyers should plan for compact living quarters.
3. Is the basement finished or usable?
The listing specifies the basement exists but is "not renovated." Prospective buyers should assume it is in original or unfinished condition and budget for any desired improvements.
4. How recent is the sale history, and what did it sell for?
The most recent recorded sale was in July 2023, with a public price range of $22,500 to $25,500. The exact sale price can be requested directly from the site.
5. What are the immediate next-door properties like?
The listing shows several nearby addresses on the same block (e.g., 355, 361 Smithfield Ave), suggesting a typical, established residential street. Reviewing these directly can provide a clearer sense of the streetscape and potential for neighbourhood consistency or variance.