Property Overview: 510 Matheson Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1943, situated on a standard-sized lot in the Jefferson neighbourhood. Its primary appeal lies in its efficient scale and recent basement renovation, presenting a practical, low-maintenance living option. With a living area of 759 sq ft, the home is notably smaller than most in the city, which translates to lower utility costs and less upkeep. The detached garage adds functional storage or parking space.
The property’s assessed value is average for its immediate street and neighbourhood, suggesting it is priced in line with local expectations rather than standing out as exceptionally high or low. This creates a stable, predictable entry point into the market. The home would suit first-time buyers, downsizers, or investors seeking a straightforward, renovated property without the scale or expense of a larger modern home. Its size and lot offer a manageable footprint for someone who values simplicity and location over spaciousness.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 759 sq ft, the living area is below average for Winnipeg, placing it in the top 93% city-wide (meaning only 7% of homes are smaller). It offers a compact, efficient layout.
2. Is the assessed value typical for the area?
Yes. The assessment is around the median for both Matheson Avenue and the wider Jefferson neighbourhood, indicating it is not an outlier in terms of municipal valuation.
3. What is the significance of the renovated basement?
A finished basement adds usable living space to a smaller main floor plan, potentially providing room for a family room, home office, or additional storage, which enhances the functionality of the home.
4. What type of buyer should consider this property?
It’s well-suited for those seeking affordability and manageability, such as first-time homeowners, empty-nesters looking to downsize, or practical investors. It’s less ideal for buyers requiring multiple bedrooms or large, open living areas.
5. How can I find out the exact historical sale prices?
Exact sold prices are not publicly displayed in detail. You can request the precise history via email from the listing source, which provides the data manually without using your contact information for marketing.