Property Overview: 520 Rupertsland Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home on Rupertsland Avenue in the Jefferson area presents a solid, above-average offering for its immediate neighborhood. Built in 1951, it is notably newer than many homes on its street and in Jefferson, suggesting potentially fewer age-related concerns. With 1,266 sqft of living space and a renovated basement, it provides practical, family-sized accommodation. The detached garage and a land area just over 5,300 sqft offer valuable outdoor space and parking flexibility.
The home’s primary appeal lies in its strong standing within a established community. Data shows it consistently ranks above average for Jefferson in key metrics like living area, assessed value, and year built. This indicates a property that likely offers more space and modern utility than many of its local peers, without being an outlier. Its recent sold price history suggests stable value.
This property would suit practical buyers looking for a move-in ready home in a mature neighborhood, who value space and a sense of community over brand-new construction. It’s particularly well-matched for first-time homeowners or small families seeking a balanced proposition—more modern than many surrounding homes, with room to grow, but without the premium price tag of a new development.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data indicates it is a strong performer within Jefferson. It’s in the top 17% for living area and the top 12% for assessed value locally, meaning it offers more space and is valued higher than the majority of comparable homes in the neighborhood.
2. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the scope. A viewing is essential to determine the finish quality, ceiling height, legal egress, and whether it includes a bathroom or separate entrance.
3. Is the assessed value a reliable indicator of market price?
Not directly. The assessed value of $33.70k is for municipal tax purposes. The recent sold price history (ranging from ~$28.5k to ~$39.5k in 2023) is a more relevant, though broad, indicator of its actual market value. The exact sold prices are available upon request from the listing source.
4. Given it was built in 1951, what major systems might need attention?
While newer than many area homes, a 75-year-old house will still have aging components. Buyers should prioritize inspections of the roof, foundation, plumbing, and electrical systems. The “newer than average” status is relative and doesn’t eliminate the need for due diligence.
5. What is the potential for future value growth here?
Its consistent above-average rankings in the Jefferson area suggest it is already a premium property within its specific market. Future value may be more tied to the overall desirability and development of the Jefferson neighborhood rather than significant outperformance of local comps.