Property Overview & Key Characteristics
This one-storey home at 564 Jefferson Avenue in Winnipeg is a practical, no-frills property that represents a straightforward entry point into homeownership. Its key appeal lies in its relative affordability and manageable scale. With 950 square feet of living space, a renovated basement, and a detached garage on a 5,000 sqft lot, it offers the core components of a single-family home without excessive size or cost. The home was built in 1954 and fits comfortably within the averages for its immediate street and neighborhood in terms of size, value, and lot dimensions.
The property would best suit first-time buyers, downsizers, or practical investors looking for a functional home in a established area. Its appeal is grounded in being an average, maintained property on its block—offering stability rather than standout luxury. A thoughtful perspective is that while its city-wide rankings for size and value are below average, this precisely indicates its position as an affordable option in the broader market. The renovated basement adds flexible living space, which is a significant asset in a smaller-footprint home.
Frequently Asked Questions
1. Is this a good value compared to other homes?
Based on assessed value, this property is very typical for Jefferson Avenue and the wider Jefferson area, ranking around the middle of comparable homes. City-wide, its assessed value is below average, which generally reflects its older age and smaller size relative to the entire Winnipeg market.
2. What is the exact recent sold price?
The listing service provides sold price ranges from public data. For the precise sale figures from November 2021 and November 2017, you must request the information via email, which they provide manually without using your address for unsolicited marketing.
3. How does the living space compare to nearby homes?
At 950 sqft, the living area is slightly below the average for comparable homes on Jefferson Avenue (~1,029 sqft) and is more notably below the Winnipeg city-wide average. This confirms the home's compact, efficient layout.
4. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finishes. This would be a key detail to clarify with the seller or listing agent to understand the quality and potential uses of the additional space.
5. Are sold prices in this area trending up?
The available data shows the home sold in a range of $22.5k-$25.5k in 2017 and $29.5k-$32.5k in 2021. This indicates an increase in that four-year period, but for a complete understanding of area trends, further research on more recent sales would be necessary.