Property Overview
This 652 sqft, one-storey home on a 4,746 sqft lot presents a specific and practical opportunity in Winnipeg's Jefferson neighbourhood. Built in 1947, its key characteristic is its compact, efficient footprint. The home features a renovated basement and a detached garage. Its primary appeal lies in its affordability and manageability, underscored by an assessed value significantly below the city-wide average. The data shows it is a smaller-than-average home for its immediate area and the city, which translates to lower utility and maintenance costs.
This property would suit first-time buyers seeking an entry point into the market, investors looking for a rental property with a lower initial outlay, or downsizers who prioritize minimal upkeep and a single-level layout. It offers a chance to own a standalone house with yard space without the burden of a large mortgage, ideal for those comfortable with a cozy living space or viewing the home as a long-term foundation to build equity.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes if considering rental income.
2. How does the low assessed value impact property taxes?
A lower assessed value typically results in lower municipal property taxes, which is a ongoing financial benefit. However, it's important to distinguish assessed value for taxation from current market value.
3. What is the significance of the home's size rankings?
The data indicates the living area is smaller than most comparable homes locally and city-wide. This isn't inherently negative; it defines the property as a compact, efficient option rather than a spacious family home, aligning with its likely buyer profile.
4. The sold price history shows a wide range. What does this indicate?
The sold price ranges from 2016 and 2021 show significant variation, which is common over a five-year period and may reflect different market conditions or the property's state at those times. It highlights the importance of a current, professional appraisal.
5. What should I consider about a home built in 1947?
While the basement has been renovated, a home of this age may have original components like plumbing, electrical, or the roof that require inspection. Its vintage also often comes with solid construction and character, but a thorough inspection is essential to understand future maintenance priorities.