Property Overview: 507 St Anthony Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the Jefferson neighbourhood presents a practical and straightforward opportunity. Built in 1953, it is notably newer than many homes on its street and in the immediate area, which can be an advantage for systems and structure. The 936 sqft living space is complemented by a renovated basement, adding functional space, and the property sits on an above-average sized lot for the area at over 5,400 sqft. A detached garage provides additional storage or parking.
Its primary appeal lies in its relative value and positioning within the local context. While its size is below the city-wide average, it is competitive within Jefferson and on St. Anthony Avenue itself. This suggests a property that is appropriately scaled and priced for its established community. The renovated basement adds modern livability to the post-war footprint.
This home would suit first-time buyers or practical downsizers looking for a manageable, single-level layout in a no-fuss neighbourhood. The larger lot offers room for gardening, pets, or future expansion, appealing to those who value outdoor space over a large interior. It’s a home for buyers who prioritize neighbourhood-level value over city-wide comparisons and see the benefit in a home that stands out positively within its own immediate surroundings.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home is currently assessed at $29,200. The last recorded sale was between $215,000 and $245,000 in September 2019. Market conditions have changed since then, so a current market evaluation is essential.
2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, and whether it includes a bathroom or legal secondary suite potential.
3. Is the lot size a significant advantage?
At over 5,400 sqft, the lot is larger than many in Jefferson. This provides more private outdoor space and potential for additions, decks, or sheds, which is a key differentiator in older neighbourhoods.
4. How does the age of the home (1953) affect it?
While 73 years old, the home is newer than most on its street (where the average build year is 1946). This can imply updates to original building materials and possibly less immediate concern for major foundational or structural updates common in pre-war homes.
5. What are the utility costs and property taxes like?
Given the home's modest size and assessed value, property taxes are likely to be relatively affordable for Winnipeg. However, utility costs for a home of this age can vary greatly depending on insulation and heating system updates; asking for recent bills is recommended.