Property Overview: 876 Jefferson Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a spacious 5,252 sqft lot presents a practical and straightforward opportunity in Winnipeg's Garden City neighbourhood. Built in 1959, its 1,040 sqft living area and recently renovated basement offer functional space. A detached garage adds utility. The home’s core appeal lies in its positional balance: it sits around average for size and value on its own street and city-wide, but within the Garden City area specifically, it ranks well above average for lot size. This suggests a property that offers more outdoor space than many in the immediate community, a valuable asset for gardening, play, or future expansion.
It would suit first-time buyers or practical downsizers looking for a manageable, single-level layout in an established area without a premium price tag. The renovated basement adds immediate livable space, appealing to those who want move-in readiness without a major project. A thoughtful perspective is that this home represents a "middle-ground" option—it isn’t the largest or newest on the block, but its above-average lot for the sub-market and updated basement provide a solid foundation without the intense competition or pricing of top-tier properties.
Section 2: Frequently Asked Questions
1. How does this home compare to others in Garden City?
While its living space is typical for the area, the lot size is notably larger than many in Garden City, ranking in the top 91% locally. This means you’re getting more outdoor space than most comparable homes in the neighbourhood.
2. What is the significance of the assessed value?
The assessed value of $33,200 is for municipal tax purposes. It’s below the Garden City average but around average for the city and its own street. It’s a baseline for taxes, not a market sale price, which is determined by current buyer demand.
3. What can the sale history tell me?
Records show a sale in March 2020 in the $22.5k-$25.5k range. This historical price point, significantly lower than the assessed value, primarily indicates a major shift in the market or property condition between then and now, underscoring the importance of a current appraisal and inspection.
4. Who would this property not suit?
Buyers seeking a modern, open-concept layout or extensive high-end finishes may find this 1959 home requires updates. It may also not fit those wanting a very large interior, as the living area is below the city-wide average.
5. What are the less obvious considerations?
The detached garage, while useful, means dealing with Winnipeg winters. The home’s age (67 years) warrants a close look at major systems like plumbing, electrical, and the roof, even with a renovated basement. Its "around average" rankings in several metrics suggest a stable, predictable investment rather than a standout bargain or luxury purchase.