Property Overview
This one-and-a-half storey home on Smithfield Avenue in Winnipeg's Jefferson neighbourhood presents a practical and well-situated offering. Its key appeal lies in its above-average living space for the immediate area, a renovated basement, and a solid lot size, all at an assessed value that positions it as a more accessible entry point compared to the wider city market. Built in 1949, it is a relatively newer home within its local context. The detached garage adds functional value. This property would suit first-time buyers or practical-minded investors looking for a character home with updated fundamentals in a stable neighbourhood, without the premium price tag of newer or larger city-wide comparisons.
Frequently Asked Questions
1. How does this home's size compare to others nearby?
At 1,251 sqft, the living area is notably above average for both Smithfield Avenue and the Jefferson neighbourhood, placing it in the top 19% for space locally.
2. Is the assessed value a good indicator of its market price?
The assessed value of $270k is around average for Jefferson but below the city-wide average. It suggests a potentially competitive starting point, but market conditions and the home's condition will ultimately determine the sale price.
3. What does the sold price history indicate?
The property sold in June 2024 for an estimated range of $325k-$355k. This recent sale provides a concrete benchmark for its current market value, far above its assessed value.
4. What are the less obvious considerations for a home of this age?
While built in 1949 (newer than many on its street), it is still a 77-year-old home. Buyers should focus inspection efforts on the aging core systems, like plumbing and electrical, even with a renovated basement. The "one-and-a-half storey" design often means unique upstairs spaces with sloped ceilings.
5. How does the lot size impact its potential?
The 5,220 sqft lot is very standard for the area. It provides good outdoor space but is not unusually large for expansion. The value here is in the established neighbourhood lot, not in undeveloped land potential.