Property Summary: 445 Smithfield Avenue
Section 1: Overview & Appeal
This is a compact, one-storey home built in 1947, situated on a standard-sized lot in Winnipeg's Jefferson area. Its key characteristic is its modest scale, with a living area of 652 sqft that is notably smaller than most homes locally and city-wide. This is balanced by a recently renovated basement, adding functional space, and a detached garage.
The primary appeal lies in its affordability and efficiency. With a historically low sold price and a below-average assessed value, it represents a clear entry point into the housing market. It suits practical, first-time buyers or investors looking for a straightforward, lower-maintenance property without the premium for extra square footage. The renovated basement is a significant functional upgrade, offering flexibility for storage, a hobby space, or a rental suite (subject to permits). For the right buyer, the value is in the land and the essentials—a solid, updated foundation in an established neighborhood—rather than in expansive living quarters.
Section 2: 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 effectively doubles the usable space, making it practical for a single person, a couple, or someone comfortable with efficient living.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's specific characteristics—its smaller size, age, and location—compared to the broader city average, which includes much larger, newer homes. In its immediate Jefferson area, its assessment is actually around average.
3. What does the "ranking" data mean for livability?
The rankings show how this property compares statistically to others. While it ranks below average for size and value on its street, it's much closer to the norm within the wider Jefferson neighborhood. This suggests it's a typical home for this specific community.
4. What are the implications of a 1947 build?
Homes of this age are common in established neighborhoods. While it means systems like plumbing or electrical may be older, the recent basement renovation likely addressed some updates. A thorough inspection is advised to understand the condition of the original structure.
5. Is the detached garage a major benefit?
Yes, especially in Winnipeg. A detached garage provides secure parking and storage, a valuable asset not always available with smaller, older homes. It adds practical utility regardless of the home's size.