Property Overview: 881 Jefferson Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a spacious 6,046 sqft lot presents a practical and value-oriented opportunity in Winnipeg's Garden City neighborhood. Its key appeal lies in a combination of a recently renovated basement, a detached garage, and a land size that is notably above average for both the street and the city. With 1,046 sqft of living space, the house itself is functionally sized and typical for the area.
The property’s data reveals thoughtful perspectives: while the home's living area is average, its assessed value ranks highly on its street (top 12%), suggesting it is viewed as a solid asset relative to its immediate peers. The lot size is a significant advantage, offering ample outdoor space and potential that is becoming less common. The sale history shows steady appreciation, with the last sale in mid-2022 at a price point that placed it in the top 5% for the street at that time.
This home would best suit first-time buyers, downsizers, or practical investors seeking a manageable single-level layout with a finished basement for extra living space or rental income potential. It’s for buyers who value a larger yard and a stable, established neighborhood over a brand-new or oversized home.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but the specific scope, quality, and permits should be verified through a viewing and by asking the seller directly.
2. How does the assessed value relate to the expected selling price?
The assessed value for taxation ($36,100) is a municipal benchmark and is typically lower than market value. Recent sale prices for the home (e.g., $40.5k–$43.5k in 2022) are more relevant indicators of current market value.
3. Is the lot size a major advantage?
Yes. At over 6,000 sqft, the lot is larger than most on the street and in the city. This provides more private outdoor space, potential for gardening, additions, or future development, subject to zoning.
4. What is the neighborhood like?
Garden City is a mature, established area in northwest Winnipeg. It typically offers a mix of residential housing, local schools, parks, and convenient access to major routes like Leila Avenue and the Perimeter Highway.
5. Why have there been several sales in recent years?
The property has sold three times since 2019. This could be due to various personal circumstances of past owners, investment turnover, or the area's appeal to first-time buyers who then move on. A title search or discussion with the seller can provide clarity.