Property Overview: 565 Jefferson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Jefferson Avenue is a practical, no-frills property built in 1953. Its key appeal lies in its solid fundamentals and relative value within its established neighbourhood. With 837 square feet of living space, the home is compact, but it features a renovated basement, adding functional space. The lot is a notable asset at over 5,200 square feet, offering ample outdoor space that is larger than many nearby properties. A detached garage provides additional storage or workshop potential.
The home’s assessed value positions it as an above-average property within the immediate Jefferson area, suggesting it is well-maintained relative to its peers. This isn’t a luxury property, but a grounded, honest home. It would suit first-time buyers seeking an entry point into the market, practical downsizers looking for a manageable single-level layout with a good-sized yard, or an investor seeking a straightforward rental property with a stable history in a mature community.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others?
At 837 sq ft, the living area is below the city-wide average but is fairly typical for the Jefferson area. The renovated basement effectively adds usable space beyond the main floor square footage.
2. What does the assessed value tell us?
The assessed value is notably above the average for the Jefferson neighbourhood, which often indicates the property is in better condition or has features that add value compared to immediate neighbours.
3. Is the lot size a significant feature?
Yes. The land area of 5,295 sq ft is a strong point, ranking in the top 35% on its own street. This provides more private outdoor space than many comparable homes, a valuable asset for gardening, recreation, or future expansion.
4. What can be inferred from the sale history?
The sold price ranges show steady, modest appreciation over recent years, consistent with a stable, non-volatile market. This suggests a property that holds its value without dramatic swings.
5. Who might this property not suit?
Buyers seeking a modern, open-concept layout or substantial above-ground square footage may find the classic one-storey floor plan limiting. It’s best viewed as a solid foundation rather than a move-in-ready showcase home.