Property Summary: 1814 Jefferson Avenue, Winnipeg
Key Characteristics & Appeal
This home at 1814 Jefferson Avenue in Mandalay West is a practical, entry-level property with a clear value proposition. Its key characteristic is its modest scale: at 820 square feet of living space on a 3,629 sqft lot, it is notably smaller than most comparable homes in its immediate area and across Winnipeg. This is balanced by a relatively newer build year (1978), which is above average for Jefferson Avenue itself, suggesting potentially fewer immediate concerns with aging infrastructure compared to neighbours.
The primary appeal lies in its affordability and efficiency. With an assessed value significantly below area and city averages, it presents a lower barrier to entry into the Winnipeg market. It suits first-time buyers, investors looking for a rental property, or downsizers seeking a manageable, low-maintenance home without the premium for space they may not need. A thoughtful perspective is that its smaller footprint can mean lower utility costs and less upkeep, aligning with a simpler, more cost-conscious lifestyle. Its average assessment on its own street indicates it fits the local context, making it a typical rather than outlier property for the block.
Frequently Asked Questions
1. Is the smaller living area a concern?
Yes, it’s a key consideration. At 820 sqft, the home is significantly cozier than the average area home (approx. 1,346 sqft). It will suit those with minimal space needs but may feel cramped for a growing family or those who work from home without a dedicated office.
2. Why is the assessed value so much lower than area averages?
The assessed value of $27,400 is primarily a reflection of the home’s smaller size and modest characteristics compared to larger, potentially updated homes in Mandalay West. It is actually around average for Jefferson Avenue itself, indicating values on this specific street are generally more accessible.
3. What are the advantages of the 1978 build year?
Built in 1978, this home is newer than many on its street (where the average build year is 1959). This can be an advantage, potentially meaning updated electrical systems, plumbing, and insulation compared to much older wartime or mid-century builds, possibly reducing near-term repair costs.
4. How does the lot size impact the property?
The lot is 3,629 sqft, which is below average for the area. This means smaller outdoor maintenance, which some buyers may prefer. However, it also limits potential for large additions, extensive landscaping, or detached structures like a large garage or workshop.
5. What can the 2021 sale price range tell me?
The property sold for an estimated $200,000-$250,000 in 2021. This historical price, combined with the current low assessed value, highlights its position as an affordable option. It provides a recent benchmark, but market conditions have likely changed since that sale.