Property Overview: 579 Matheson Avenue, Winnipeg
Key Characteristics & Buyer Profile
This is a compact, one-storey home built in 1948, featuring 642 sqft of living space and a 4,077 sqft lot with a detached garage. Its key characteristic is its position as a highly affordable entry point into the Winnipeg market. The appeal lies squarely in its low financial barrier to entry, underscored by an assessed value significantly below city and area averages. This is not a move-in-ready or feature-rich property; the basement is noted as unrenovated. Its value is in the land and the structure's potential, offering a chance for equity building through gradual improvements.
It would best suit a very specific buyer: a hands-on first-time purchaser, an investor looking for a straightforward rental property, or someone seeking a minimal footprint with the goal of keeping housing costs exceptionally low. A thoughtful perspective is that this home represents a "blank canvas" opportunity in an established neighbourhood, where the investment is more in the future than in present-day finishes. Its below-average size and value metrics are not drawbacks for the right buyer, but rather the defining features that make ownership accessible.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value reflects the home's smaller size (642 sqft), age, and condition relative to other properties. The unrenovated basement and overall modest specifications result in a valuation that prioritizes affordability over comparability with larger, updated homes.
2. What does "Top 95%" for Living Area mean?
This statistic indicates that this home's living area is smaller than approximately 95% of comparable homes in the Jefferson area. It quantifies the property's compact nature, which is a primary factor in its lower price point.
3. Is the basement finished or usable for living space?
The listing specifies the basement is "not renovated." It should be considered unfinished space that would require work to be used as formal living quarters, representing a potential future project.
4. How recent is the sold price history shown?
The last recorded sale was in May 2019. For the exact sold price, you must request it directly via the provided email service, as the public data shows only a range.
5. What are the immediate next-door properties like?
The nearest addresses are on the same block (583, 577, 575 Matheson Ave). Reviewing these nearby listings can provide the best context for the street's character and the scale of neighbouring homes.