Property Overview & Appeal
This one-storey home at 402 Royal Avenue in Winnipeg's Jefferson neighborhood presents a straightforward, mid-century property built in 1956. Its key characteristics are its modest, manageable scale—featuring 1,095 sqft of living space and a 4,822 sqft lot, both consistently around the average for the immediate area. The home includes a basement and a detached garage. Notably, its assessed value is significantly below the Winnipeg citywide average, positioning it as an accessible entry point into the market.
The primary appeal lies in its practicality and location within a well-established neighborhood. It suits first-time homebuyers or practical investors looking for a lower barrier to entry with the space and land to build equity over time. The home’s unrenovated basement and overall condition suggest it’s ideal for a buyer comfortable with gradual updates or one who values functional space over immediate modern finishes. A thoughtful perspective is that its "around average" metrics for the street and neighborhood indicate stability and predictability, offering a clear picture of what you're getting without the premium or the extreme project often found in more outlier properties.
Frequently Asked Questions
1. What is the actual recent sale price history?
The available public data shows a sale in May 2016 in the $235,000 - $265,000 range. For precise, verified sale prices, you can request the exact history via email from the listing source.
2. What does "around average" for most metrics mean for a buyer?
It means the home is typical for Jefferson and Royal Avenue in terms of size, land, and age. This can be an advantage, as it suggests the property is unlikely to be over- or under-valued compared to its immediate peers, making it a sensible, benchmark choice.
3. The assessed value is much lower than the city average. Why?
The assessed value is primarily for municipal tax purposes and reflects the property's value relative to others in its assessment group. A value well below the citywide average is common for older, modest homes in established neighborhoods and often correlates with a more affordable tax burden.
4. Is the basement finished?
No, the listing specifies the basement exists but is "not renovated," indicating it is likely unfinished or in a basic, utilitarian state.
5. How does the year built (1956) compare to nearby homes?
The home is slightly newer than many in its area. It ranks "above average" for its year built both on its street and in the wider Jefferson neighborhood, meaning it may have fewer immediate age-related concerns than some direct comparables.