Property Overview: 583 Rupertsland Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1951, presents a practical opportunity in Winnipeg's Jefferson neighborhood. With 1,194 sqft of living space and a renovated basement, it offers functional, updated space. The detached garage and a land area of over 5,300 sqft provide valuable outdoor utility and potential. Its assessed value is notably modest compared to the city-wide average, which may indicate a lower property tax burden relative to other areas.
The appeal lies in its position as a solid, no-frills property in a well-established area. It ranks above average within its immediate vicinity for lot size and year built, suggesting it is a relatively newer and more spacious offering on its own street. This home would suit first-time buyers seeking an entry point with updated essentials, or practical investors looking for a manageable rental property with a good lot size. It’s a home for those who value space and function over grandeur, with the renovated basement adding immediate livable square footage without the need for a major project.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value is significantly lower than the city-wide average for comparable homes. It's important to consult a local real estate professional for a current market valuation, as assessed value is used for tax purposes and doesn't always directly reflect selling price.
2. What does the "above average" year built ranking mean for this home?
While built in 1951, it ranks in the top 7% newest homes on its street. This means the immediate neighborhood features many older homes, so this property might have newer infrastructure (like plumbing or electrical) than many of its direct neighbors, though a full inspection is still essential.
3. Is the lot size a standout feature?
Yes. The lot is above average for both the street and the Jefferson area, offering more private outdoor space than many comparable properties nearby. This is a less obvious advantage for gardening, expansion, or simply having more distance from neighboring homes.
4. What can the 2017 sale price range tell me?
The past sale price provides a historical benchmark, but it should not be relied upon as an indicator of current value. Market conditions, the state of the renovation, and other factors have likely changed its value since then.
5. Who would this property not suit?
Buyers seeking a modern, open-concept layout or a brand-new home may find the one-and-a-half storey style dated. Those prioritizing a premium city-wide location or extensive high-end finishes might also want to look elsewhere. It’s a grounded choice for practical needs.