Property Overview
This well-situated one-storey home at 492 St Anthony Avenue in Winnipeg's Jefferson neighbourhood presents a practical opportunity. Its key appeal lies in being a solid, average-sized home within its immediate area, offering a renovated basement and a larger-than-typical lot for the street. Built in 1953, it is notably newer than most homes on the block, which may mean fewer concerns over the age of core components compared to neighbours. The detached garage and a living space just under 1,000 sq ft cater to essential needs without excess.
The home suits first-time buyers or downsizers looking for a manageable footprint in an established neighbourhood. Its metrics show it is competitively positioned within Jefferson, offering value relative to the immediate area rather than the wider city. A thoughtful perspective is the lot size: at over 5,400 sq ft, the property offers above-average outdoor space for the locale, a valuable asset for gardening, pets, or future expansion that isn't immediately apparent from the home's square footage alone.
Frequently Asked Questions
How does this home really compare in the neighbourhood?
The data indicates this home is consistently "around average" for Jefferson in both living area and assessed value, meaning it fits the local market norm. Its standout is the year built—it's significantly newer than most on its street—and it sits on a larger parcel of land than many comparable properties nearby.
What does the sold price history indicate?
The home sold recently in late 2024. The price range suggests it transacted at a premium relative to its assessed value, which is common in active markets. This recent sale provides a clear, up-to-date benchmark for its current market value.
Is the renovated basement a legal suite?
The listing notes a "renovated" basement but does not specify it as a legal secondary suite. Buyers should verify with the city if a separate rental unit is permitted, as this affects legality, insurance, and value.
What are the implications of the home being "one storey"?
This bungalow-style layout is ideal for accessibility and single-level living, potentially appealing to those planning for aging in place. It often means higher roof and foundation costs per square foot of living space, but also simpler maintenance.
Why is the city-wide ranking for size and value much lower?
The home appears "below average" city-wide because this comparison includes many newer suburban areas with larger, more expensive homes. This is not a drawback for the property itself but highlights that Jefferson offers more affordable, modestly sized homes compared to the Winnipeg average.