Property Overview: 562 Enniskillen Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1951 one-storey home in the Jefferson neighbourhood presents a practical and value-oriented opportunity. Its key characteristic is a renovated basement, adding functional living space to the 900 sqft main floor. The property sits on a slightly larger-than-average lot for the immediate area (over 5,150 sqft), offering good outdoor space complemented by a detached garage.
The primary appeal lies in its strong assessed value relative to its surroundings. With an assessment of $330,000, it ranks significantly above average for both Enniskillen Avenue and the wider Jefferson area, suggesting it is viewed as a substantial asset compared to its peers. This, combined with the renovated basement, indicates potential for a move-in-ready lower level. However, the living area is modest, ranking below the citywide average, so the appeal is in efficient use of space and lot size rather than square footage.
This home would suit first-time buyers or downsizers looking for a manageable, single-level layout in a well-established neighbourhood. It’s also a sensible fit for value-focused buyers who prioritize a property with a strong assessment foundation and updated elements over sheer size. The generous lot offers room for gardening or outdoor enjoyment, a less obvious perk in a mature area.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home’s assessed value of $330,000 is notably higher than its last recorded sale range of $255,000-$285,000 in April 2017. This difference highlights how market value and assessed value for taxation purposes can diverge over time.
2. Is the living space sufficient for a growing family?
With 900 sqft on the main floor, the space is compact. The renovated basement provides crucial additional living area, making the total functional space more viable for a small family, but the main floor alone is below the city average in size.
3. What does the "above average" assessment ranking mean for taxes?
Ranking in the top 15% of Jefferson for assessed value typically means you will pay proportionally higher property taxes than many neighbours, as taxes are based on this assessment.
4. Are homes on this street typically older?
Yes. With a build year of 1951, this home is typical for the street and neighbourhood, which consist primarily of homes built in the late 1940s and early 1950s.
5. What is the significance of the lot size?
At over 5,150 sqft, the lot is larger than many in Jefferson and on Enniskillen Avenue. This provides more private outdoor space than is standard for the area, which is a key advantage for this property.