Property Overview: 524 Smithfield Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home on Smithfield Avenue in the Jefferson neighbourhood presents a solid, value-oriented opportunity. Built in 1949, its key appeal lies in its above-average assessed value for the immediate area, suggesting it is a well-regarded property on its street and within Jefferson. With 1,112 sqft of living space and a 5,338 sqft lot, it sits comfortably around the neighbourhood averages for size, offering a practical footprint without feeling cramped. A renovated basement adds functional living space and modern appeal.
The property suits first-time homebuyers or practical investors looking for a stable entry into the Winnipeg market. Its metrics indicate it’s a “middle-of-the-road” home in terms of size and age for the city, but it stands out as a stronger financial asset within its own community—a sign of a good local investment. The lack of a garage and pool points to a lower-maintenance lifestyle, appealing to those prioritizing simplicity and value over premium amenities. A thoughtful perspective: this home represents the reliable "bones" of a neighbourhood, offering the chance to live in a house that statistically holds its value better than many on its own street, which can provide a sense of security.
Section 2: Frequently Asked Questions
1. What is the exact recent sold price?
The available public data shows a sold price range of $26.50k ~ $29.50k for August 2020. For the precise figure, you can request it directly via email from the listing source.
2. How does this home compare to others in the area?
The home’s assessed value is in the top 15% on Smithfield Avenue and top 21% in Jefferson, meaning it is valued higher than many comparable nearby homes. Its living area and lot size are consistently around the neighbourhood average.
3. What does "one-and-a-half storey" mean for this home?
Typically, this style involves a main floor with full-height ceilings and a second floor under a sloped roof, where some rooms may have reduced ceiling height. It's a classic Winnipeg design that maximizes space efficiently.
4. Is the basement fully finished?
The listing notes the basement is renovated, indicating it is finished and usable as living space, which adds significant functional area to the 1,112 sqft main living area.
5. What are the typical maintenance considerations for a home of this age?
Built in 1949, prospective buyers should budget for and inspect age-related systems. This includes the roof, plumbing, electrical wiring, and foundation. The renovated basement is a positive update, but the overall structure is 77 years old.