Property Overview: 487 Jefferson Avenue
Section 1: Key Characteristics & Appeal
This bi-level home at 487 Jefferson Avenue presents a compelling mix of modern convenience and established neighbourhood character. Its key strength is its relative newness, built in 2012, making it one of the youngest homes on its street and in the wider Jefferson area. This suggests updated building systems and less immediate need for major repairs. The living space (1,144 sq ft) is comfortably above average for the immediate area, and the home features a renovated basement and a detached garage.
The appeal lies in its strong positional value. The property’s assessed value ranks in the elite top 3% on its street, indicating it is considered a premium property within this specific locale. This creates an interesting dynamic: you’re acquiring a newer, well-regarded home without necessarily paying a premium for a brand-new subdivision. The lot is modest compared to city averages, which translates to less yard maintenance—a perk for some.
This home would suit a practical buyer looking for move-in readiness in a mature neighbourhood. It’s ideal for first-time homeowners or downsizers who want modern interiors without the footprint or upkeep of a larger, older house. The strong assessment and recent sale history also suggest it would attract buyers with an eye for stable, long-term value in a well-established community.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessment reflects the property’s young age (2012) and above-average living area for the location. Assessors value newer construction and modern amenities highly, placing this home in a different category than many of its older neighbours.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand if it’s a finished living space, a modern utility area, or includes a secondary suite.
3. Is the modest lot size a disadvantage?
It depends on your priorities. The lot is smaller than the city average, meaning less private outdoor space. However, this also means significantly less yard work and lower landscaping costs, which many buyers see as a benefit.
4. How does the detached garage impact utility?
A detached garage offers flexibility and can reduce noise in the home. However, it is less convenient in Winnipeg winters compared to an attached garage. Consider your daily routine and the walk from the garage to the house.
5. The home sold in 2016 and 2017. Why the quick turnover?
The brief ownership periods could be due to many neutral factors like job relocation, changing family needs, or investment strategies. It does not inherently indicate a problem with the property, but it’s wise to inquire about the home’s maintenance history during those periods.