Property Overview: 464 Smithfield Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home on Smithfield Avenue stands out for its generous proportions and established location. With 2,296 sqft of living space, it ranks in the top 1% of homes in its immediate neighborhood and ward for size, offering significantly more room than area averages. Built in 1960, it is a notably newer construction compared to many neighboring properties. The home features a detached garage and a full, unrenovated basement presenting a blank canvas for future development.
The primary appeal lies in its rarity as a large, mid-century home in the Jefferson area. It suits buyers looking for spacious interiors without the footprint of a modern mega-home, and who value the potential to customize a basement to their own needs. It’s an ideal fit for a growing family seeking established community roots, or for a buyer who appreciates a home with solid “bones” and the opportunity to add value through selective updates. A thoughtful perspective is that the home’s elite ranking for size and newer age in a historic area offers a unique blend of classic neighborhood character with more contemporary living space.
Frequently Asked Questions
1. What does the "Elite – Top 1%" ranking for living area actually mean?
It means this home is larger than 99% of comparable properties on its street and in the Jefferson ward. With living space over double the local average, it provides uncommon interior volume for the area.
2. The assessed value seems low. Is this accurate?
The assessed value of $39,500 is consistent with Winnipeg’s municipal assessment system, which is not the same as market value. It ranks in the top 2% locally, indicating it is assessed higher than most nearby homes. Market value is determined by recent sales, like the home’s sale in mid-2023 for between $365,000 and $395,000.
3. The basement is noted as "not renovated." What condition should I expect?
This indicates the basement is likely in original or functional condition, not modernized. It presents potential for future finishing or customization but will require inspection to understand its current state and any necessary updates.
4. How does the land size compare?
At 4,745 sqft, the lot is slightly below average for Smithfield Avenue but typical for the Jefferson ward. This suggests a well-sized yard that is manageable without excessive maintenance, fitting the neighborhood’s character.
5. The home sold recently in 2023. Why might it be available again?
While specific reasons are not provided, short-term ownership can relate to various life changes, job relocations, or estate settlements. It does not inherently indicate a problem with the property, but reviewing the listing details and a professional inspection is always advised.