Property Overview
This one-and-a-half storey home on Matheson Avenue presents a practical entry point into Winnipeg's Jefferson neighbourhood. Built in 1946, it offers 1,051 sqft of living space with a detached garage and an unfinished basement. The data reveals a property that sits consistently "around average" in size for its area but stands out for its notably low assessed value, which ranks in the top 15-20% lowest for the street, neighbourhood, and city. This creates a clear value proposition: a home with functional space in an established area at a below-market municipal valuation. Its appeal lies in its affordability and potential. It suits first-time buyers, investors looking for a rental property with a manageable entry cost, or hands-on owners who see value in a home that hasn't been renovated and allows for personalization over time. A thoughtful perspective is that its average living space on a smaller lot minimizes exterior maintenance, focusing investment on the interior, while its low assessment could be a long-term tax advantage.
Frequently Asked Questions
1. What does the assessed value tell me about the listing price?
The assessed value is for municipal tax purposes and is typically lower than market value. This home's assessment is in the bottom 20% for the city, suggesting a potentially lower-than-average asking price, but the final sale price will be determined by current market conditions.
2. Is the unfinished basement a drawback?
Not necessarily. While it requires work to become living space, it provides ample storage and represents a clear opportunity to add value and customize the home to a new owner's needs without having to undo a previous renovation.
3. How does the home's size compare practically?
At 1,051 sqft, it offers slightly more space than the Winnipeg average for homes but less than the average on Matheson Avenue itself. This indicates a efficient, likely cozy layout that is sufficient for a small family or couple but may feel compact for those needing ample room.
4. The home is older—what should I consider?
Built in 1946, it is older than most homes in Jefferson and citywide. This warrants a thorough inspection for foundational integrity, wiring, plumbing, and insulation. However, its age is typical for the street, meaning local contractors are likely familiar with homes of this era.
5. Can I get the exact historical sale prices?
The provided sold price history is an estimated range from public data. You can request the exact sale prices by emailing the site; they provide this detail manually and state they will not use your contact information for unsolicited marketing.