Property Overview: 579 Smithfield Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a spacious 5,341 sqft lot in Jefferson presents a straightforward, value-oriented opportunity. Its key appeal lies in its relative affordability and practicality within the Winnipeg market. The home itself is compact at 792 sqft, placing it below the city average for living space, but it features a renovated basement, adding functional area. Built in 1950, it is notably newer than many homes on its own street, which can be an advantage for systems and upkeep.
The property’s strength is its land. The lot size is above average for both the immediate street and the Jefferson area, offering more outdoor space than many comparable listings. Its assessed value is modest and aligns with neighborhood norms, suggesting a lower property tax burden. This home would suit first-time buyers, downsizers, or practical investors seeking an entry point into the market with a manageable footprint and a lot that holds potential. Its character is one of modesty and function rather than luxury, appealing to those who prioritize financial accessibility and value a larger yard over a large interior.
Section 2: Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 792 sqft, the living area is below the Winnipeg city average. However, it is closer to the average for the immediate Smithfield Avenue area. The renovated basement provides additional functional space not reflected in the main floor square footage.
2. What does the assessed value tell me about this property?
The assessed value is around the average for both Smithfield Avenue and the wider Jefferson neighborhood. This typically indicates a property in line with local norms and can suggest a relatively predictable property tax obligation.
3. Is the 1950 build date a concern?
While 76 years old, the home is actually newer than the average house on its own street. This can be a positive, as some major systems or updates may be from a later era than those in neighboring, older homes.
4. What is the significance of the lot size?
The lot is a standout feature. At over 5,300 sqft, it is larger than most in the Jefferson area. This offers valuable outdoor space for gardening, recreation, or future expansion, which is less common in this price segment.
5. Where can I find the exact historical sale price?
The provided sale history shows estimated price ranges. To obtain the precise sale price from November 2020, you can request it via email through the listing portal. This service is provided manually without obligation for marketing follow-up.