Property Overview
This one-storey home at 787 Jefferson Avenue in Winnipeg's Garden City neighborhood presents a practical opportunity. Its key appeal lies in a balance of space and value, centered on a renovated basement and a notably large lot. At just over 1,000 sqft of living space, the house is typical for its immediate street and slightly below average for the wider Garden City area. However, its land area of 6,378 sqft stands out, ranking in the top 7% on its street and the top 27% in the neighborhood, offering significant outdoor potential. The assessed value positions it as a below-average investment for Garden City, suggesting a potentially accessible entry point. Built in 1959, it aligns with the area's vintage.
The renovated basement adds functional living space, a key upgrade for a home of this era. The property would suit first-time buyers or downsizers looking for a manageable single-level layout in an established neighborhood, where the large lot provides room for gardens, play, or future expansion. It’s a home that offers more outside than in, appealing to those who value private outdoor space over a large interior footprint. The lack of a garage is a trade-off to consider.
Frequently Asked Questions
What does the "renovated basement" typically include?
While specifics should be verified, a renovated basement in a home of this age usually means finished living space, potentially including a rec room, additional bedroom, or laundry area. It signifies usable square footage beyond the main floor.
How should I interpret the sold price history showing a range?
The listed range (e.g., $32.50k ~ $35.50k) is based on public data approximations. For the exact sale price, you must request it directly via the provided email service, which the site operates manually.
The assessed value seems very low compared to city averages. Why?
The assessed value metric shown ($31.20k) is likely not the market value or municipal property assessment used for taxes. It appears to be a specific, narrow metric from this site's comparison tool. Always consult official Manitoba Property Assessment data for the true tax assessment value.
Is the large lot a benefit for future expansion?
Potentially, yes. A lot size that is well above average for the street provides flexibility. It could allow for additions like a garage, shed, or deck. It's wise to check City of Winnipeg zoning bylaws for coverage limits and setback requirements before planning.
What are the trade-offs of a one-storey home from 1959?
Benefits include easier accessibility and a classic layout. Considerations typically include the age of major systems (like roof, plumbing, and heating), potential for smaller room sizes, and the energy efficiency standards of the time, which an inspection would clarify.