Property Overview: 492 Jefferson Avenue
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home on Jefferson Avenue presents a practical opportunity in Winnipeg. Its key characteristic is a recently renovated basement, adding modern living space to a classic 1949 build. With 1,216 sqft of living area, the home is notably spacious for its immediate area, ranking in the top 16% on its street. The lot is a generous 5,004 sqft, providing ample outdoor space.
The appeal lies in its balance of updated features within a well-established neighborhood. The detached garage offers flexibility, and the home’s size and lot dimensions stand out positively against many direct neighbors. It would suit a first-time homebuyer or an investor looking for a character home with some immediate updates (the basement) and a solid footprint. A buyer comfortable with the maintenance considerations of an older home, but who values more interior and yard space than is typical for the block, would find it a strong match. The assessed value is modest relative to the wider city, suggesting potential for value growth in a mature area.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on finish quality, permits, and ceiling height are not provided. A professional inspection is recommended to detail the scope and condition of this update.
2. How does the assessed value compare to the likely selling price?
The home's assessed value is significantly lower than the city-wide average for comparable homes. In Winnipeg, assessed value for tax purposes often differs from market value. The last recorded sale was in 2016, so the current market price will be influenced by recent neighborhood sales, condition, and the renovated basement.
3. What are the implications of the home's age (1949)?
Built in 1949, the home is older than many on its street. This can mean charming character but also requires diligent attention to aging components like the roof, wiring, plumbing, and windows during an inspection. Its ranking suggests many neighboring homes are newer.
4. Is the living space configuration typical for a one-and-a-half storey?
The 1,216 sqft is above average for the area. In a one-and-a-half storey design, this often means functional main-floor living with additional finished space in the upper half-storey. The renovated basement likely adds further usable space not fully reflected in the official living area figure.
5. Who maintains the sold price history data?
The sold price ranges provided are based on public data. The listing service offers to provide the exact sale prices via email upon request, which they handle manually, as a verified supplement to the approximate public figures.