Property Overview & Key Characteristics
This two-storey home at 473 Hartford Avenue is a modern property, built just two years ago in Winnipeg's Jefferson neighbourhood. Its key appeal lies in its combination of new construction and a generous lot size. With 1,440 sqft of living space and a renovated basement, it offers modern, move-in-ready space. However, its most standout feature is the 2,490 sqft land area, which ranks in the top 1% for lot size on its street. This presents a notable opportunity for outdoor living, gardening, or future expansion that is rare for a home of this age.
The property suits buyers looking for a newer home who want to avoid the immediate maintenance concerns of an older house, but who also value having a substantial yard—a feature often sacrificed in newer developments. It’s particularly well-matched for a young family or professional couple seeking a modern layout without compromising on outdoor space. The lack of a garage is a trade-off to consider, but the very low assessed value relative to similar-sized newer homes in the area could indicate a favourable property tax position or an entry point for adding value.
Frequently Asked Questions
1. How does the assessed value compare to the likely selling price?
The assessed value of $41,600 is significantly lower than typical market prices for a 2-year-old home. This is common, as municipal assessments are for tax purposes and often lag behind market value. It suggests property taxes may be relatively manageable for a home of this type.
2. What does the "renovated basement" entail?
The listing notes a renovated basement, but specifics on finish quality, ceiling height, permits, and whether it includes a legal suite or additional bedrooms are not provided. This is a key detail to clarify with the seller or agent.
3. Is the large lot a common feature in this area?
No. The data shows this lot size is in the 99th percentile for the street and neighbourhood, meaning it's exceptionally large compared to most nearby properties, including other newer builds and older homes.
4. What are the implications of having no garage?
Buyers should plan for street parking or consider the cost and feasibility of adding a driveway and/or garage in the future, subject to local bylaws. The large lot does provide potential space for such an addition.
5. How does this home compare to others on the street?
It is one of the newest homes on the street (ranked 2nd newest of 237) and has a larger lot than nearly all of them. This unique combination of new and large lot makes it an outlier compared to the older, typically smaller-lot homes that characterize the immediate area.