Property Overview: 413 Jefferson Avenue
Key Characteristics & Buyer Profile
This one-and-a-half storey home on Jefferson Avenue is a solid, middle-of-the-road property that offers practicality and value. Its key characteristics include a renovated basement, a detached garage, and a 1,066 sqft living space situated on a standard 5,055 sqft lot. Built in 1950, the home is older than the city average but typical for its immediate area.
The appeal lies in its balance and established neighbourhood context. The home doesn’t rank as exceptional in any single metric but consistently performs "around average" against local peers for size, lot, and assessed value. This suggests a property that is well-integrated into its community without premium pricing. The renovated basement adds functional living space, a valuable update for a home of this vintage. A thoughtful perspective is that this consistency can represent a lower-risk purchase in a known quantity, avoiding the volatility or premium costs associated with top-ranked or outlier properties.
It would best suit pragmatic first-time buyers or downsizers seeking a straightforward, move-in-ready home without extreme features. It’s also a sensible fit for value-oriented investors looking for a stable rental property in a neighbourhood with predictable metrics.
Frequently Asked Questions
1. How does this home’s value compare to others?
The home’s assessed value of $300k is around average for the Jefferson neighbourhood and street, but below the citywide average. This indicates you are paying primarily for the location and property within a specific market context.
2. Is the living space sufficient for a family?
At 1,066 sqft, the living area is very close to the local average (~1,029 sqft). It is a compact footprint, so suitability depends on family size and needs, though the renovated basement provides additional flexible space.
3. What does the "around average" ranking mean for future resale?
Homes that perform consistently at the neighbourhood average may see more stable, predictable value trends compared to properties that are outliers (either top or bottom performers), which can be more susceptible to market shifts.
4. Are there recent sales history details available?
A sale was recorded in July 2023. For the exact sale price, you can request the information via email from the listing source, as publicly posted data often shows a range.
5. What are the implications of the 1950 build year?
While older than the city average, the build year is typical for the area. Buyers should focus on the condition of major aging components (like roof, wiring, plumbing) and appreciate that the renovated basement is a meaningful update to the original structure.