Property Overview: 436 Jefferson Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1949, featuring a renovated basement and a detached garage. With 788 square feet of living space, it is notably smaller than most homes in its immediate area, ranking in the top 89% (meaning 89% of comparable homes on Jefferson Avenue are larger). Its assessed value of $28,900 is, however, very typical for the Jefferson neighbourhood. The lot size is a standard city lot of just under 4,300 square feet.
The primary appeal lies in its affordability and efficiency. It represents a lower-than-average entry point into the Winnipeg market, particularly for the Jefferson area. The renovated basement adds functional living space, which is a significant asset given the modest main floor area. This property would best suit first-time buyers, downsizers, or pragmatic investors seeking a straightforward, manageable property without complex upkeep. It’s a home for those who value location and practicality over square footage, offering a chance to own a detached home with outdoor space at an accessible price point. A thoughtful perspective is that its smaller size and average assessment for the area could translate to relatively predictable property taxes and lower utility costs, which are practical, long-term advantages.
Frequently Asked Questions
1. Is the house in need of major updates?
The listing specifically notes a renovated basement, suggesting recent improvements there. As a home from 1949, the main floor systems (like plumbing, electrical, or the roof) would be a key focus for a buyer's inspection to determine if further updates are needed.
2. How does the small living area impact daily life?
At 788 sq ft, the main floor living space is compact. The renovated basement effectively doubles the usable area, but the layout and flow of the main floor will be crucial. It would suit a minimalist lifestyle or someone who uses different areas of the home at different times.
3. What is the neighbourhood like?
Jefferson is an established Winnipeg neighbourhood. The property's assessed value is around the area average, indicating it fits within the local market context. Prospective buyers should explore the specific block and nearby amenities to gauge the fit for their needs.
4. Why is the assessed value so much lower than the city-wide average?
The city-wide average assessed value includes much newer and larger homes across all neighbourhoods. This assessment is typical for Jefferson and reflects the home's age, size, and the local market conditions rather than an anomaly.
5. Can I get the exact historical sale price?
Yes, but not automatically on the site. The exact sold price history is available by request via email from the listing service. They provide this manually and state they do not use the contact information for unsolicited marketing.