Property Overview: 708 Jefferson Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1915, situated on a standard-sized lot in Winnipeg's Garden City neighborhood. Its key characteristics are its modest scale and its position as an entry-point property. With 720 sqft of living space and an unrenovated basement, it is notably smaller and older than most homes on its street, in Garden City, and across Winnipeg. The assessed value is correspondingly low.
The primary appeal lies in its affordability and lot potential. It represents one of the most accessible price points in the market, suitable for a first-time buyer or an investor seeking a straightforward rental property. The detached garage adds practical value. A more thoughtful perspective sees this not just as a small house, but as a land play with a existing structure; the lot provides room for future expansion or redevelopment, offering a long-term path to add value that newer, subdivision homes on smaller lots may not. It suits a buyer comfortable with a project, whether immediate or eventual, and who prioritizes getting into the market over move-in-ready condition or space.
Section 2: Frequently Asked Questions
1. Is this a "teardown" property?
Not necessarily. While the home is older and modest in size, it appears to be a functioning house. The decision to renovate, expand, or rebuild would depend on a buyer's budget, goals, and the condition of the main structure, which would require a thorough inspection.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's smaller size, age, and the unrenovated state of the basement compared to the typical Winnipeg home. It is in line with values for similar, smaller properties in the area.
3. What are the implications of the "unrenovated basement"?
This typically means the basement is in original or utilitarian condition, likely lacking modern finishes. It presents both a cost (needing potential upgrades for living space) and an opportunity (a blank slate for customization, pending moisture and structural checks).
4. How does the lot size compare?
At just under 4,000 sqft, the lot is fairly average for Jefferson Avenue but smaller than the typical Garden City property. This is a key point: the lot is a standard city size, not unusually small, which differentiates it from many newer infill lots.
5. Can I get the exact historical sale prices?
The listed sale price ranges are estimates from public data. The exact sale prices are available by request directly from the listing service, which they provide manually via email.