Property Overview: 486 Hartford Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Jefferson presents a practical opportunity. Its key characteristics include a renovated basement, a detached garage, and a notably generous lot size of over 5,700 sqft—larger than most in the immediate area and neighbourhood. Built in 1955, the 1,044 sqft living space is typical for the street.
The appeal lies in its solid positioning and potential. The assessed value ranks above average for the Jefferson area, suggesting a favourable view from the city assessor relative to nearby homes. The large lot is a significant asset, offering ample outdoor space and future potential that is less common in this setting. The renovated basement adds immediate functional living space.
This property would suit a first-time buyer looking for a manageable, single-level home with room to grow outdoors, or an investor seeking a property with strong fundamentals in a stable neighbourhood. It’s a home for those who value space over sheer square footage, recognizing that the land itself often holds long-term value.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the area?
The home’s assessed value is in the top 20% for the Jefferson neighbourhood, meaning it is officially valued higher than 80% of comparable properties nearby. This often reflects updates, lot size, or overall condition.
2. What is the significance of the lot size?
At 5,783 sqft, the lot is larger than approximately 83% of lots on Hartford Avenue and in Jefferson. This provides more privacy, yard space, and potential for additions or landscaping than is typical.
3. Has the property value increased?
Based on available sold price ranges, the property likely appreciated between its 2016 and 2017 sales. For the exact historical sold prices, you can request the information via email from the listing source.
4. What are the home’s relative drawbacks?
The living area is average or slightly below average in size compared to the city overall. As a 71-year-old home, buyers should budget for maintenance and updates consistent with its age, even with a renovated basement.
5. Who are the likely neighbours?
The nearby properties are a mix of eras, including a newly built home from 2024 just a few doors down. This indicates a neighbourhood that is seeing renewal and could be transitioning.