Property Overview
214 Hartford Avenue is a one-storey home in Winnipeg's Jefferson neighbourhood, built in 1952. With 1,010 square feet of living space and a recently renovated basement, it sits on a standard city lot of just under 5,000 square feet, featuring a detached garage. The home last sold in August 2024. Its standout characteristic is its assessed value, which ranks significantly above average for both its immediate street and the wider Jefferson area, suggesting it is viewed favorably by the assessor relative to its local peers.
Key Characteristics & Appeal
The primary appeal of this property lies in its solid positioning within its immediate community. While its living space is modest and typical for the area, its above-average assessed value for the street and neighbourhood indicates a perceived quality or improvement level that sets it apart from nearby homes. The renovated basement adds functional, modernized space. The lot size offers standard outdoor potential without extensive maintenance demands.
This home would suit a practical, value-conscious buyer—perhaps a first-time homeowner or a downsizer—who prioritizes a move-in-ready basement and a stable investment within a well-established neighbourhood. It’s for someone who looks beyond city-wide averages and focuses on local standing, where this property shows strength. The detached garage is a plus for those needing workshop space or secure storage.
Frequently Asked Questions
1. Why is the assessed value so much higher than the area average?
While the exact reasons aren't listed, a higher-than-average assessment often reflects recent improvements, quality of upkeep, or desirable features not fully captured in square footage. The renovated basement likely contributes to this.
2. Is the living space sufficient for a small family?
At 1,010 sqft, it is below the city-wide average for homes. It may work for a small family, but the single-storey layout and average lot size mean space is efficient rather than expansive. The renovated basement effectively adds a second living area.
3. What does the sold price history indicate?
The home sold in August 2024 for between $37.5k and $40.5k. This recent sale provides a clear, current market benchmark very close to its $35.5k assessed value, suggesting the assessment is aligned with recent market activity.
4. Are there any concerns with the age of the home?
Built in 1952, the home is older than most on its street. While the basement has been renovated, a prospective buyer should still consider the potential for age-related updates in other areas, such as the roof, wiring, or plumbing.
5. How does the detached garage affect property value?
A detached garage is a functional asset, offering flexible space for vehicles, storage, or a workshop. In a neighbourhood of older homes, it can be a significant practical benefit and adds to the utility of the property.