Property Overview: 237 Royal Avenue, Winnipeg
Key Characteristics & Appeal
This is a classic one-and-three-quarter storey home in Winnipeg's Jefferson neighbourhood, built in 1912. With 1,296 sqft of living space, it offers more room than many comparable homes on its street and in the immediate area. The property sits on a 4,125 sqft lot and features a detached garage. Notably, the basement exists but is noted as not being renovated.
The primary appeal lies in its space-efficient footprint and its position as a character home in a well-established area. The living area is genuinely above average for Jefferson, suggesting a comfortable layout for its style. Its assessed value is consistently below average across all comparison levels (street, area, and city-wide), which could indicate a value opportunity for a buyer willing to take on a home of this vintage. This property would suit a practical buyer who appreciates older home charm and is looking for a project. It's ideal for someone with renovation plans, particularly for the basement, who wants to add value over time. A less obvious perspective is that its age and below-average assessment might offer relative affordability in property taxes compared to newer, more heavily assessed homes of similar size.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean for this home?
This style typically features a full main floor and a second floor where the roofline slopes into the walls, creating cozy bedrooms with potentially lower ceilings in certain areas. It's a classic design for Winnipeg homes of this era.
2. The assessed value seems low. Does that mean it's undervalued or in poor condition?
A below-average assessment can be influenced by many factors, including the home's age, specific condition, and recent market activity in the area. It suggests a potential value entry point but should be paired with a professional inspection to understand the property's actual state.
3. What is implied by "basement: yes, not renovated"?
This straightforwardly means the basement is unfinished or in its original state. It presents both a blank canvas for future development and an area where foundational or moisture issues common in century-old homes should be carefully evaluated.
4. How recent are the sold price estimates shown?
The data shows sold price ranges from February 2024 and May 2022. These provide a recent market history, but for the exact sale price, you must request it directly via the provided email service.
5. The home is over 110 years old. What should I prioritize in an inspection?
Beyond standard checks, focus on the integrity of the foundation, the state of the original plumbing and electrical systems, roof age and structure, and evidence of ongoing moisture management. The unrenovated basement is a key area for a thorough examination.