Property Overview
494 Hartford Avenue is a one-storey home in Winnipeg's Jefferson neighbourhood, built in 1955. It features a renovated basement and a detached garage. With 1,044 sqft of living space on a notably generous 5,783 sqft lot, the property presents a balanced offering. Its assessed value and living area are consistently around the average for its immediate street and wider area, suggesting it's a typical, well-priced home for the locale. The appeal here is grounded in its proportionally large lot—which ranks above average for both the street and Jefferson—offering valuable outdoor space and potential. The renovated basement adds functional living area. This home would suit first-time buyers or downsizers looking for a manageable, single-level layout in an established neighbourhood, and it holds particular interest for those who value private outdoor space over a larger interior footprint.
Frequently Asked Questions
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would be a key point to clarify with the seller or agent to understand if it's a finished living space, a modernized utility area, or has updated moisture protection.
How does the assessed value relate to the likely selling price?
The home has an assessed value of $30,10k. It last sold in August 2023 for an estimated $31.50k–$34.50k. Assessed value is for municipal tax purposes, while market price is determined by current conditions. The previous sale range provides a more recent benchmark.
Is the lot size a significant advantage?
Yes. At 5,783 sqft, the lot ranks in the top 26% on its own street and top 17% in the Jefferson area, meaning it's larger than many comparable properties. This allows for more privacy, yard space, gardening, or future expansion like a shed or deck, which is a less obvious but valuable asset.
What is the typical home like in this area?
Based on the data, Jefferson features homes primarily built in the mid-20th century (around 1948 on average). The lot size for this property is above the area average, while the living space and assessed value are typical. This suggests a neighbourhood of modest, older homes with varying lot sizes.
Why is the city-wide average assessed value so much higher?
The city-wide average assessed value shown ($390k) includes all home types across all neighbourhoods. Comparing a home's value to its immediate street and area, as this summary does, provides a much more relevant and accurate context than a city-wide figure.