Property Overview: 532 Rupertsland Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home on a quiet street in Jefferson presents a practical and affordable entry point into Winnipeg’s housing market. Built in 1951, it is notably newer than many of its immediate neighbors, potentially suggesting fewer age-related concerns. The 802 sqft living area is compact, placing it below the city average, but is complemented by a fully renovated basement, effectively increasing its usable space. A detached garage and a well-sized 5,339 sqft lot offer valuable outdoor and storage flexibility.
Its primary appeal lies in its value proposition and solid fundamentals within its local context. The assessed value is consistently around the average for both the street and the Jefferson area, indicating a fairly priced home in a stable setting. It suits first-time buyers, downsizers, or practical investors looking for a manageable property without major renovation needs. A thoughtful perspective is that while the home is smaller city-wide, its newer construction date for the street and above-average lot size for Jefferson provide a unique balance of a younger structure on a generous parcel—a combination that can be rare in established neighborhoods.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 802 sqft, the main floor living area is smaller than the average home on Rupertsland Avenue (approx. 1,075 sqft). However, the renovated basement provides additional finished space, making the total usable area more competitive.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value ($29,600) is a municipal valuation for tax purposes. Notably, it is very close to the average for both the immediate street and the wider Jefferson area, suggesting it is in line with local norms. The last known sale was in 2019 for an estimated $21.5k-$24.5k.
3. What are the advantages of the lot size?
The 5,339 sqft lot is larger than the average for the Jefferson area. This provides more private outdoor space than many comparable properties and potential for gardening, expansion, or adding a shed, subject to local bylaws.
4. Does the 1951 build date mean it will need significant updates?
While any 75-year-old home will have ongoing maintenance, this property is actually newer than most on its block (ranked in the top 7% on its street for year built). The renovated basement also indicates some modernization has been undertaken.
5. What type of buyer would this home suit best?
This home is ideally suited for buyers prioritizing location and lot size over expansive interior square footage. It’s a strong candidate for first-time homeowners seeking an affordable, manageable property or for downsizers looking for a single-level layout with a low-maintenance footprint and a decent yard.