Property Overview: 424 Rupertsland Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1947, offering a practical and affordable entry point into Winnipeg’s Jefferson neighborhood. Its key characteristic is its modest 652 sqft living area, which is notably smaller than most homes locally, regionally, and city-wide. This is balanced by a renovated basement, adding functional space, and a detached garage. The lot size is fairly typical for the immediate area.
The appeal lies in its value proposition and manageability. With an assessed value that is average for its street and neighborhood but below the city average, it presents a lower financial barrier to entry. The recently renovated basement suggests move-in readiness and reduces immediate upgrade concerns. This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance asset. Its smaller scale makes it efficient to heat and maintain, a practical advantage often overlooked in favor of sheer size. The data indicates you’re paying primarily for location and lot here, with the home itself representing a lean, efficient footprint.
Frequently Asked Questions
1. Is the house too small?
At 652 sqft above grade, it is significantly smaller than the average Winnipeg home. The renovated basement provides crucial additional living or storage space, making the overall footprint more functional. It’s ideal for individuals, couples, or those comfortable with efficient living spaces.
2. How does the assessed value compare?
The assessed value of $27,600 is around average for both Rupertsland Avenue and the wider Jefferson area, but is below the city-wide average. This suggests the property is priced consistently within its immediate market context.
3. What is the history of sale prices?
Public data shows it last sold between $25.5k and $28.5k in October 2023. For precise historical sale prices, you can request the exact figures via email from the listing source.
4. What are the property taxes likely to be?
Property taxes are calculated using the assessed value and the City’s mill rate. With an assessed value near the neighborhood average, you can expect taxes to be comparable to similar homes in Jefferson, which typically offers lower tax burdens than more central or newer city areas.
5. What is the potential for future expansion?
The lot size of 4,746 sqft is standard for the area. While the home is small, the lot provides the standard development envelope for the neighborhood. Any future expansion or addition would be subject to local zoning bylaws and would need to consider the existing footprint and the detached garage.