Property Summary: 458 St Anthony Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home in the Jefferson neighborhood presents a practical and value-oriented opportunity. Its key appeal lies in a combination of above-average land size and a recently renovated basement, offering more usable space than the 904 sqft main floor suggests. Built in 1952, the house is typical for its street and area in age, but stands out with a notably high assessed value relative to its immediate neighbors, indicating strong municipal valuation for the lot and improvements.
The property suits first-time buyers or downsizers looking for a manageable single-level layout with room to grow or customize. The detached garage and larger-than-average lot for the area (over 5,400 sqft) are significant assets for those wanting outdoor space, a garden, or future expansion potential. Its value proposition is most clear within the local context: while living space is average for Jefferson, you acquire a property that is assessed more highly than most on its block, suggesting a solid foundation for the price.
Frequently Asked Questions
1. How does the assessed value compare to likely market price?
The assessed value of $32,600 is significantly above the local average for similar homes, placing it in the top 17% in Jefferson. This is often based on recent improvements (like the basement renovation) and land value. Market price can differ, but this high assessment typically signals a well-maintained property in its micro-market.
2. Is the living space sufficient for a small family?
With 904 sqft on the main floor plus a renovated basement, the total usable space is flexible. It may suit a starter family, but the single-storey main layout means bedrooms and common areas are on one level. The basement renovation effectively adds a second living zone, which is a key functional upgrade.
3. What does the "above average" land area mean practically?
The lot of 5,412 sqft is larger than about 75% of lots in the Jefferson area. This translates to more backyard space, greater distance from neighbors, and potentially more privacy or gardening opportunities than typical area properties.
4. The home sold in 2020 and 2016. What does that history suggest?
The published sold price ranges show steady appreciation between those sales. Two sales in under a decade could indicate a property that has been well-maintained and appealing to owner-occupants, rather than a long-term rental or flip.
5. Who might this property not suit?
Buyers seeking a modern, open-concept layout or extensive main-floor square footage may find the original 1952 footprint limiting. Similarly, those wanting a turn-key property with a finished garage or premium finishes should verify the condition of the detached garage and the scope of the basement renovation.