Property Overview
This one-and-a-half storey home on Hartford Avenue in Winnipeg's Jefferson neighbourhood presents a specific value proposition. Built in 1917, its key characteristic is a generous 5,806 sqft lot that ranks well above average for both the street and the area, offering significant outdoor space and potential. The living area (916 sqft) and assessed value are modest and rank below local averages, reflecting the home’s vintage and an unrenovated basement. It features a detached garage.
Its appeal lies in being a land-play opportunity in an established area. The well-sized lot is its standout asset, suitable for gardening, expansion, or future redevelopment. The home itself suits a practical buyer—a first-time purchaser, an investor, or a hands-on owner comfortable with a property that has history and where value may be derived more from the land than the current structure. It’s for those who see potential rather than perfection and prioritize lot size over move-in-ready finishes.
Frequently Asked Questions
What does "below average" for assessed value really mean?
It indicates the city’s formal valuation for tax purposes is lower than most comparable homes. This can mean lower property taxes, but it often reflects the home’s age, condition, and smaller living space relative to its lot.
Is the large lot a major advantage?
Yes, especially in this context. The lot size is notably larger than most in the immediate area, which is uncommon for homes of this vintage. It provides privacy, space for additions, or simply a sizable yard, which is a premium feature.
Who might this property not suit?
Buyers seeking a modern, low-maintenance home or who have a strict renovation budget may find it challenging. The unrenovated basement and older systems typical of a 1917 build require assessment and likely investment.
The home sold in 2021. What does that price range suggest?
The prior sale in the low-to-mid $200k range (public data), close to its current assessed value, suggests a stable, entry-level market position. It highlights the property as a baseline opportunity in the area, not a speculative premium purchase.
How important is the detached garage?
For a home of this era, a detached garage is a practical asset for storage and vehicle protection. It adds functional value without the cost and complexity of integrating it into the house structure.