Property Summary: 509 Rupertsland Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home on a standard-sized lot in Jefferson presents a practical, no-fuss opportunity. Its key appeal lies in being a solid, average-priced property within its immediate neighborhood. At 792 sqft, the living space is compact and below the citywide average, suggesting a efficient layout suitable for a smaller household. A notable feature is the renovated basement, which adds functional space. The detached garage offers practical storage or parking.
The home’s standout characteristic is its age. Built in 1951, it is newer than most houses on Rupertsland Avenue, which could mean fewer immediate concerns with some older building components compared to its neighbors. The assessed value is consistently around the average for both the street and the Jefferson area, indicating a stable, mid-range investment without premium pricing.
This property would suit first-time buyers or downsizers looking for an affordable, low-maintenance entry into the Winnipeg market. It’s also a sensible fit for an investor seeking a straightforward rental property, given its average valuation and renovated basement. The appeal is grounded in practicality and neighborhood parity, rather than luxury or size.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 792 sqft, the living area is below the Winnipeg city average. However, it ranks near the average for the Jefferson area and on Rupertsland Avenue itself, meaning it’s a typical size for this specific location.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finishes, whether it includes a legal suite or additional living space, and if permits were obtained for the work.
3. Is the assessed value a good indicator of the selling price?
The assessed value is $27,200, which is used for property tax calculation. The last recorded sale in July 2023 was between $25.5k and $28.5k, suggesting the assessed value is closely aligned with recent market activity in this price range.
4. What are the implications of the home being newer than others on the street?
Built in 1951, the house is newer than many on its block. This could potentially mean updated foundational materials, wiring, or plumbing compared to older homes, but a specific inspection is still essential to verify the condition of all major systems.
5. Why is the citywide assessed value average shown as $390k?
This large discrepancy highlights a data categorization quirk. The $390k average likely includes all property types citywide. The more relevant comparisons are the local averages for Jefferson ($28.3k) and Rupertsland Avenue ($29.7k), which this home aligns with.