Property Overview
This two-storey home at 671 Jefferson Avenue in Winnipeg's Garden City neighborhood presents a compelling opportunity centered on space and value. Built in 1957, its primary standout feature is its generous 1,754 sqft of living area, which ranks in the top 1% of homes on its street and the top 10% within Garden City. This offers significantly more interior space than typical local comparables. The assessed value is notably modest for a home of this size, especially within the neighborhood context, suggesting a potentially favorable value proposition. The property sits on a 3,889 sqft lot and features no basement, garage, or pool.
Its appeal lies in offering substantial interior square footage—a relative rarity for the area—at an assessed value that is below the Garden City average. This creates a scenario where you are paying less for more enclosed living space. The home would suit practical buyers who prioritize interior room over amenities like garages or finished basements, and who see potential in a solid, spacious post-war dwelling. It's a fit for those comfortable with a property that may require updates but provides a strong foundational layout. A less obvious perspective is that the modest lot size, while below area averages, could mean less exterior maintenance, focusing time and resources on the interior living space.
Frequently Asked Questions
1. How can the living area be so high-ranking while the assessed value is below average for Garden City?
This is the key dynamic of this property. It offers more interior space than most nearby homes, but its assessed value hasn't risen to match the neighborhood's overall average. This can sometimes indicate a home that needs modernization or has simpler finishes, placing the value on the potential of the space itself rather than current condition.
2. What does "no basement" mean for storage and utilities?
A home without a basement typically has utilities like the furnace and water heater located on the main floor, often in a dedicated closet. Storage space will be limited to the main floors, attic, or any sheds, making the home's ample main-floor living area even more crucial for layout planning.
3. The sold price history shows a range. What sold in 2022?
Public records indicate a sale in June 2022 with a price between $32.5k and $35.5k. For the precise, exact sold price, you can request it via email from the site; they provide this verified figure manually as a service.
4. Is the smaller lot size a major disadvantage?
While the lot is smaller than many in Garden City, it is closer to the average for Jefferson Avenue itself. This could mean a more manageable yard for maintenance and may contribute to the home's overall value-focused profile. It's a trade-off that prioritizes the building's footprint over land.
5. Who would this home not be suitable for?
This property would likely not suit buyers who require a garage, a developed basement for recreation or rental income, or a large outdoor space. It's also less suited for those seeking a move-in-ready home with modern amenities, as the value here is primarily in the existing space and potential.