Property Overview
This one-and-a-half storey home on Smithfield Avenue in Winnipeg's Jefferson neighbourhood presents a compelling blend of above-average space and a notably strong assessed value for its area. Its key appeal lies in its position as a well-sized, established home that stands out locally for its value and recent updates.
Key Characteristics & Appeal
The home's 1,274 sqft of living space is comfortably above average for both its immediate street and the wider Jefferson area, offering more room than many comparable properties. A recently renovated basement adds functional, modern living space. The detached garage and a standard 5,339 sqft lot provide practical outdoor and storage utility.
Its most striking characteristic is its assessed value of $36,900, which ranks in the elite top 4% for both Smithfield Avenue and the Jefferson neighbourhood. This suggests the property is viewed as a high-value asset relative to its immediate peers, a point underscored by its most recent sale price range in early 2025. Built in 1951, it is also newer than many homes on its street. This combination—more interior space, a modernized basement, and a premium assessment for the locale—makes it a practical, value-oriented choice.
This property would suit a buyer looking for a move-in ready home with proven value in a mature neighbourhood, particularly one who prioritizes space and investment stability over newer construction or extensive lot size. It’s a solid, grounded option for first-time homeowners or downsizers seeking a manageable property without compromising on interior room.
Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessed value places this home in the top 4% for its street and neighbourhood, indicating that municipal assessment views it as a premium property in its local context, likely due to its above-average size, recent renovations, and overall condition.
2. What does the "one-and-a-half storey" design mean?
This typically describes a home with a full main floor and a second floor under a sloped roof, where the upstairs rooms may have slightly lower ceilings or unique layouts, offering character and efficient use of space common in its era.
3. How does the living area compare to an average Winnipeg home?
At 1,274 sqft, it is slightly below the city-wide average but is notably larger than the typical home in the Jefferson area, where comparable properties average about 1,029 sqft.
4. Has the property value increased?
Based on the sold price ranges shown, the value has appreciated significantly from its 2016 sale, consistent with its high current assessed value.
5. What are the utility costs for a home of this age?
While specific costs aren't listed, potential buyers should budget for typical utilities for a 1950s-era, 1,274 sqft home. The renovated basement may feature updated insulation or systems that could improve efficiency.