Property Overview: 237 Hartford Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1957, situated on a modest lot in the Jefferson neighbourhood. Its key characteristic is its efficiency: with 696 sq ft of living space and a recently renovated basement, it offers a simplified, low-maintenance footprint. The appeal lies squarely in its value and practicality. It presents a notably affordable entry point into the Winnipeg market, with an assessed value significantly below city averages. This is a property for which the land and location provide the foundational value, while the home itself offers a functional, renovate-as-you-go canvas.
It would suit first-time buyers or investors seeking a straightforward, cost-effective property. It’s a sensible choice for someone prioritizing financial accessibility over space, who is comfortable with a home that is smaller and older than most in the area. A thoughtful perspective is that its below-average size and value metrics for the street might offer less exposure to property tax increases compared to more substantially improved neighbours, preserving its relative affordability.
Frequently Asked Questions
1. Is this a "tear-down" or a liveable home?
While the living area is below average for the area, the home appears liveable and includes a renovated basement. Its value is likely a mix of the land and the existing structure, making it potentially suitable for either immediate occupancy or a future rebuild.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's smaller size, age, and the specific market values in the Jefferson area. It's assessed comparably to other homes on Hartford Avenue, indicating it is priced in line with its immediate context, not the broader, more expensive city market.
3. What does the sold price history indicate?
The home sold in the $17.5k-$20.5k range in 2017. This historical price, consistent with the low assessed value, underscores the property's long-standing position as an affordable option. It suggests a market that values it more for its lot and potential than for its current structure.
4. Are there any major costs or deficiencies to be aware of?
The listing notes no garage and a smaller-than-average lot. Given the age (1957), prospective buyers should budget for potential updates to major aging systems like plumbing, electrical, or the roof, which are common for homes of this vintage.
5. How does it compare to the nearby referenced properties?
It's very similar to 234 Semple Avenue in assessed value and size, but newer. Compared to 221 Perth Avenue, which has a much higher assessment, this home is significantly more modest in scale and perceived value, highlighting the range of housing options within Jefferson.