Property Overview: 440 Rupertsland Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, renovated one-storey home built in 1947, situated on a standard-sized lot in the Jefferson neighbourhood. Its key characteristic is its modest 652 sqft living area, which is notably smaller than most homes in Winnipeg. This smaller scale is reflected in its assessed value of $270k, which sits below the citywide average but is competitive for its immediate area. The home’s appeal lies in its efficiency and recent basement renovation, presenting a low-maintenance, turnkey option. It would suit first-time buyers seeking an affordable entry into the market, downsizers looking to simplify without a major project, or pragmatic investors searching for a manageable rental property. A less obvious perspective is that its smaller size and below-average price for the city could allow a buyer to own a standalone house with yard space while potentially keeping utility and upkeep costs lower than a larger, older home.
Frequently Asked Questions
1. Is the living space too small?
At 652 sqft, the home is significantly smaller than the Winnipeg average. It requires efficient use of space and would not suit those needing multiple bedrooms or large living areas. However, the renovated basement adds functional space.
2. How does the assessed value compare?
At $270k, the assessment is below the citywide average but is typical for Jefferson. Recent nearby sales in late 2024 ranged from approximately $295k to $325k, suggesting the market value aligns with or slightly exceeds the assessment.
3. What is the neighbourhood like?
Jefferson is a mature, established neighbourhood. The home’ lot size and year built are both around the area average, indicating it fits the local character of post-war housing.
4. What does "basement renovated" include?
The listing confirms the basement is renovated but does not specify the scope. A viewing is essential to determine the finish quality, ceiling height, and whether it includes legal egress, a bathroom, or a kitchenette.
5. Is there potential for future expansion?
The lot is a standard city size. While the small footprint of the house leaves room on the lot, any expansion would require checking current zoning bylaws, setback requirements, and the condition of the existing foundation.