Property Overview: 465 St Anthony Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the Jefferson neighbourhood presents a practical and straightforward opportunity. Its key appeal lies in its balance of a renovated basement, a detached garage, and a land area that is notably larger than many of its immediate neighbours. With 900 sqft of living space, it sits comfortably within the average range for its street and area, suggesting it’s a typical, manageable size for the locale.
The home’s value proposition is grounded in its context. While its size and assessed value are modest citywide, they are very much in line with—or even slightly above—the averages for St. Anthony Avenue and the Jefferson area. This indicates a property that is appropriately priced for its community, not an outlier. The larger-than-average lot for the area (5,408 sqft) is a significant asset, offering more outdoor space and potential than many nearby properties.
This home would suit a first-time buyer or a downsizer looking for a low-maintenance, single-level layout in an established neighbourhood. It’s also a sensible fit for a pragmatic investor seeking a rental property with a recent basement renovation in a stable, average-value area. The appeal is less about standout luxury and more about receiving a solid, updated property on a good-sized lot, without paying a premium for features that exceed the neighbourhood norm.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the area?
The assessed value of $27,700k is almost exactly the average for both St. Anthony Avenue and the wider Jefferson neighbourhood, placing it in the top ~60% locally. This suggests it is fairly valued within its immediate market context.
2. What is the significance of the lot size?
At 5,408 sqft, the lot ranks in the top 30% on its own street and top 24% in Jefferson. This means you are getting more land than most comparable properties in the immediate area, which could be valuable for privacy, gardening, or future expansion.
3. Is the living space small for a family?
At 900 sqft, it is slightly below the Winnipeg city average. However, it is very close to the average for both the street (967 sqft) and Jefferson area (1,029 sqft). It is a typical size for the neighbourhood and, combined with the renovated basement, may offer adequate space for a small family or couple.
4. What should I know about the home’s age?
Built in 1952, the home is newer than many on its street and in Jefferson, where average build years are 1946 and 1948, respectively. While still an older home, it is relatively younger than many of its direct peers.
5. Why is the citywide assessed value comparison so different?
The home’s assessed value is below the Winnipeg city average because it reflects Jefferson’s market values, which are generally more affordable than the citywide benchmark. This discrepancy highlights the importance of comparing a property to its immediate neighbourhood, not just the broader city.