Property Overview: 221 St Anthony Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Jefferson neighbourhood, built in 1947. With 728 sqft of living space, it is notably smaller than most area homes, positioning it as a more affordable entry point. Its key updated feature is a renovated basement, adding functional space, and it includes a detached garage. The lot is a standard city size at just under 4,700 sqft.
The primary appeal lies in its value proposition. Despite its modest size, its assessed value ranks above average for its immediate street, suggesting it is well-maintained or has desirable lot attributes relative to its closest peers. This creates a potential opportunity for buyers seeking a lower-cost footprint in a established neighbourhood, with the renovated basement offering flexibility for storage, a workshop, or additional living area. It would suit first-time buyers, downsizers, or investors looking for a manageable, single-level property. A thoughtful perspective is that its smaller size and older vintage may translate to lower utility costs and property taxes compared to larger, newer homes, which is a practical, long-term benefit.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify with the city for permitted uses and ensure any renovations meet current building codes.
2. How does the small living area affect resale value?
While the home is smaller than area averages, its assessed value remains competitive on its street. This indicates that factors like the renovation, lot location, or overall condition are positive offsets. Its marketability will likely always cater to a specific, budget-conscious segment.
3. What is the significance of the detached garage?
A detached garage is a valuable asset, especially in an older neighbourhood. It provides secure parking and storage without consuming space inside the small home, and it could also serve as a workshop or hobby space.
4. Are the sold price ranges provided accurate?
The listed sold price ranges are based on public data. For the exact historical sold price, you must request it directly via the provided email service, which manually confirms the official figure.
5. What are the implications of the home's age (1947)?
A home of this age will likely have older building materials and systems. While the basement has been renovated, a thorough inspection is crucial to understand the condition of the roof, wiring, plumbing, and foundation, and to budget for potential updates.