Property Overview: 224 Hartford Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1921, situated on a standard city lot in the Jefferson neighbourhood. Its key characteristic is its modest scale, with a living area of 736 sqft that is notably smaller than most comparable homes in the area, city, and even on its own street. The home features a detached garage and a basement that is noted as being unrenovated.
The primary appeal lies in its position as an entry-point property. With a very low assessed value that ranks in the bottom 3-7% of its comparison groups, it represents one of the most accessible priced homes on the market. This is a property for a pragmatic buyer—someone seeking a foothold in homeownership with minimal upfront investment, or an investor looking for a straightforward rental opportunity. Its smaller size and unrenovated basement suggest it would suit a first-time buyer comfortable with a "live-as-is" approach or with a vision for gradual, personal upgrades. The lot size, while below average, is still a typical urban parcel, offering outdoor space without the maintenance burden of a larger yard.
A less obvious perspective is that its age and established neighbourhood location may offer a character and stability that newer, more peripheral developments lack, despite the home's need for updates. Its pricing also provides a significant buffer for future investment relative to its initial cost.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's smaller size, age, and condition relative to the broader Winnipeg market. It is priced as a modest, entry-level property within its established neighbourhood.
2. What does "basement, not renovated" typically mean?
This indicates the basement is in a functional but basic state, likely lacking finished walls, ceilings, or modern amenities. Buyers should budget for potential updates or be prepared to use it for storage and utilities as-is.
3. Who would this home be a good fit for?
It is best suited for first-time homebuyers with a limited budget, downsizers seeking minimal upkeep, or investors looking for a lower-cost rental property. It is less suitable for those needing significant move-in-ready space or modern finishes.
4. How does the sold price history work?
The listed sold price is an estimated range based on public data. To obtain the exact historical sale price, you can request it via email from the site; they provide this detail manually without using your email for marketing.
5. The home is smaller than average. What are the practical implications?
The 736 sqft layout will require efficient use of space. It is ideal for 1-2 people and encourages a simpler lifestyle. While cozy, this also translates to lower utility costs and less space to maintain.