Property Overview: 458 Royal Avenue, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Jefferson presents a practical opportunity with several standout features. Its primary appeal lies in a combination of above-average land size and a recently renovated basement, offering more usable space and potential than many comparable properties. With 1,112 sqft of living area, the house is comfortably sized for a small family, couple, or downsizer.
The data reveals thoughtful perspectives: while the home itself is typical in size for the area, its assessed value ranks in the top 18% on its street and top 12% in the wider Jefferson area. This suggests municipal assessment recognizes desirable attributes, possibly the lot size (5,597 sqft, which is above average for the neighbourhood) and the basement renovation. The detached garage adds functional storage or workshop space.
This property would suit a first-time buyer looking for a move-in-ready home with a modernized lower level, or a pragmatic buyer who values a larger, private yard in a mature neighbourhood over a brand-new build. Its 1955 construction means it has classic, sturdy character but also implies that future updates to major systems (like roofing or plumbing) should be factored into long-term planning.
Frequently Asked Questions
1. How does the assessed value compare to the likely selling price?
The assessed value is a municipal figure used for calculating property taxes, not a market appraisal. While it’s a useful benchmark, the actual selling price is determined by current market conditions. This home’s above-average assessment for the area indicates it has features the city deems valuable.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the quality of finishes, whether it includes a legal secondary suite or additional bedrooms, and if proper permits were obtained for the work.
3. Is the lot size a significant advantage?
Yes. At nearly 5,600 sqft, the lot is larger than many in Jefferson. This provides more outdoor privacy, gardening space, and potential for future additions like a deck, shed, or expanded parking, which is a notable asset in an established neighbourhood.
4. What are the implications of the home's age (built in 1955)?
Homes from this era are often solidly built but may have original components. It’s wise to investigate the age and condition of major systems like the electrical panel, heating system, windows, and roof during an inspection to anticipate maintenance.
5. How does the living area compare to newer homes?
At 1,112 sqft, the living area is modest by today's standards but is typical and functional for the neighbourhood. The renovated basement effectively increases the usable space, making the overall footprint more competitive with larger, newer homes that may sit on smaller lots.