Property Overview
This one-storey home at 417 Royal Avenue in Winnipeg's Jefferson neighbourhood presents a practical opportunity with notable value. Built in 1955, it sits on a larger-than-average lot for the area (over 5,800 sq ft) and features a renovated basement. Its detached garage and generous outdoor space are key assets. The appeal here is grounded in value and potential: the home's assessed value ranks highly within its immediate area, suggesting a solid foundation relative to neighbouring properties. It suits first-time buyers seeking an entry point with room to grow, or value-focused investors attracted by the lot size and the upside of an already-updated basement. It’s a home for those who see virtue in a manageable footprint above ground, paired with the flexibility that a large yard and renovated lower level provide.
Key Details & FAQs
- Key Characteristics: 1,170 sq ft living area, built in 1955, on a 5,821 sq ft lot. Features include a renovated basement and a detached garage.
- Neighbourhood: Jefferson.
- Recent Sales History: Previously sold in July 2020 and October 2017.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The assessed value is in the top 10% on its own street and top 8% in the Jefferson area, indicating it is valued more highly than many comparable nearby homes. This can signal above-average condition, improvements, or desirable lot attributes.
2. Is the living space typical for the area?
At 1,170 sq ft, the living area is slightly above the average for both Royal Avenue and the wider Jefferson neighbourhood, but is close to the citywide average for homes of this type.
3. What is the significance of the lot size?
The lot is a standout feature, ranking in the top 15% in Jefferson. This larger parcel offers more private outdoor space, parking, or garden potential than many neighbouring properties, and is a key factor in its above-average assessed value.
4. What can the sales history tell me?
The home has changed hands twice in recent years (2017 and 2020). While exact prices require a direct request, the provided ranges show consistent activity, suggesting sustained market interest in the property.
5. Who might this property not suit?
Buyers seeking a modern, multi-storey layout or move-in-ready perfection may find the 1955 build and one-storey design limiting. It’s better suited for those comfortable with the character of a mid-century home and who may wish to personalize it over time.