Property Overview
This one-storey home at 718 Jefferson Avenue in Winnipeg's Garden City neighbourhood presents a practical and well-situated option. Built in 1959, its key characteristics include 1,062 sqft of living space, a renovated basement, and a detached garage on a 5,244 sqft lot. The data suggests it is a very typical home for its specific street and a competitively sized property city-wide, but it stands out within Garden City for having a larger-than-average lot and a below-average assessed value relative to its neighbours.
Its appeal lies in its grounded, no-fuss practicality. The renovated basement adds functional living space, and the generous lot offers room for gardening, play, or expansion. It suits first-time buyers seeking an entry point into a stable neighbourhood, downsizers looking for manageable single-level living without a condo fee, or value-oriented investors attracted by its relative affordability in the area. A less obvious perspective is that its "average" metrics on its own street indicate a home that fits seamlessly into the existing community fabric, potentially offering predictability and fewer surprises compared to a standout property.
Frequently Asked Questions
What does the assessed value ranking mean?
The home’s assessed value is below the average for Garden City but around average for the city as a whole. This can sometimes indicate a value opportunity within the neighbourhood, but it's essential to view the property in person to understand its condition and market position.
Is the lot size a significant feature?
Yes. The land area is notably larger than most lots in Garden City (ranking in the top 8% of the neighbourhood). This provides more private outdoor space than is typical for the area, which is a key advantage.
How updated is the home?
The listing specifically notes a renovated basement, suggesting modernized living space below grade. The main level's condition and the age of major systems (roof, HVAC, etc.) should be verified by a buyer's inspection.
What are the comparable recent sales?
A nearby reference property at 9 Bluebell Avenue, with similar size and value, sold between $29.5k and $32.5k in June 2021. For the most accurate and complete sold price history, you can request the exact data via email from the source.
Who are the most likely neighbours?
The home is on a block with very similar, closely spaced properties, as indicated by the nearly identical homes on adjacent lots. This typically points to a uniform, established streetscape with homes of similar age and style.