Property Overview
This one-storey home at 432 Rupertsland Avenue in Winnipeg's Jefferson neighbourhood presents a compact and affordable entry point into the market. Built in 1947, its key characteristic is its modest 652 sqft living area, which is notably smaller than most comparable homes in the area, city, and on its own street. This is balanced by a renovated basement and a detached garage. The lot size is a standard 4,746 sqft, typical for Jefferson. The home’s assessed value is consistently below average for the city and its immediate street, but aligns more closely with the neighbourhood average.
Its primary appeal lies in its affordability and manageability. It suits first-time buyers, downsizers, or investors seeking a lower-cost property with some updates (the basement) and minimal upkeep due to its smaller size. A thoughtful perspective is that its below-average metrics could represent a value opportunity in a stable, established neighbourhood, offering a chance to build equity with less initial capital outlay. It’s a practical choice over a glamorous one, ideal for those who prioritize financial accessibility and a simpler footprint.
Frequently Asked Questions
1. Is the house unusually small?
Yes. At 652 sqft, the living area is significantly smaller than most homes in Winnipeg, ranking in the bottom 16% citywide. This makes it a compact living space.
2. What does the assessed value tell me about the price?
The assessed value of $26,600k is below average for its street and the city, but around average for the Jefferson neighbourhood. This suggests it may be priced in line with local area norms rather than broader city trends.
3. Who would this property suit best?
It's well-suited for first-time homebuyers on a tight budget, empty-nesters looking to downsize into a single-level home, or investors seeking a rental property with a potentially lower purchase price.
4. What are the less obvious things to consider?
While the basement is renovated, the main floor's very small square footage requires efficient use of space. Also, its size and value are consistently below par for its specific street, which could impact future resale appeal to some buyers but may also keep property taxes lower.
5. How can I find out what it last sold for?
Exact sold price history is not publicly displayed. You can request the accurate sale price by emailing the listing service; they provide this information manually without using your email for marketing.