Property Summary: 541 Jefferson Avenue
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1957, offering 962 sqft of living space with a renovated basement and a detached garage. Its key appeal lies in its solid positioning within the local Jefferson area market. While the home is modest in size compared to the city-wide average, it stands out in its immediate neighborhood for being above average in assessed value and newer in construction year, suggesting it is a well-regarded property on its block. The lot size of 3,884 sqft is typical for the street but smaller than many in the wider area, offering a manageable outdoor space.
This property would suit first-time buyers or downsizers looking for an efficient, single-level layout in an established neighborhood. It’s a practical choice for someone prioritizing a home that has been maintained and updated (as evidenced by the renovated basement) over sheer square footage. The data indicates it’s a home that holds its value well within the Jefferson context, making it a sensible, grounded investment for a buyer focused on community familiarity and stability rather than maximizing lot or living space.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value is above average for the broader Jefferson area and around average for its specific street and city-wide. This suggests it is a competitively valued property that aligns with, or slightly exceeds, local expectations.
2. Is the living space smaller than average?
Yes. At 962 sqft, the living area is below the Winnipeg city average but is around the typical size for homes on Jefferson Avenue itself. Buyers should consider if the efficient layout and renovated basement provide sufficient space for their needs.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or agent to understand if it’s a finished living space, updated utilities, or both.
4. How recent are the sold price figures shown?
The last recorded sale was in August 2023, with a price range provided. For the exact historical sold price, you must request it directly via the provided email service.
5. The home is older. Should I be concerned?
Built in 1957, the home is actually newer than many in the Jefferson area, ranking in the top 10% for year built locally. While age-related inspections are always wise, its relative newness for the neighborhood is a positive point regarding the potential age of major systems.