Property Overview: 254 Smithfield Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on a quiet street in Jefferson presents a solid, value-oriented opportunity. Built in 1949, it sits on a generous 5,340 sqft lot and features 1,191 sqft of living space with a renovated basement and a detached garage. The appeal lies in its strong positional value within its immediate neighborhood. The home's assessed value ranks in the top 11% on its own street and top 14% in Jefferson, suggesting it is viewed favorably compared to local peers, potentially due to updates or lot desirability. While its size is above average for the area, it's more modest citywide, framing it as a spacious home for Jefferson without being oversized.
This property would suit practical buyers looking for a character home in an established neighborhood who prioritize lot size and local value over brand-new construction. It’s a fit for someone comfortable with a home of this era, who may see the renovated basement as a key bonus for extra living space. A thoughtful perspective is that its high assessment ranking on the street could indicate it's among the better-maintained homes in the area, possibly offering a move-in-ready advantage over nearby properties that may require more immediate investment.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $33,100 is for municipal tax purposes. While it indicates the home is a higher-value property in its immediate area, the actual market price is determined by current buyer demand, condition, and recent sales of comparable homes.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, ceiling height, permits, and whether it includes a bathroom or secondary suite potential.
3. Are the recent sold prices for this exact house?
No. The sold price history shown (e.g., ~$27.5k-$30.5k in 2021) is for the specific address and is based on public data ranges. You can request the exact historical sold price from the site via email.
4. What are the implications of a 1949 build date?
Homes from this era often feature solid construction but may have aging components like original wiring, plumbing, or windows. The renovated basement is a positive update, but a thorough inspection is recommended to understand the condition of the main structure and systems.
5. How does the lot size compare, and what are the possibilities?
At over 5,300 sqft, the lot is larger than average for both Jefferson and citywide. This offers valuable outdoor space and potential for gardening, expansion, or adding a shed or deck, subject to local zoning bylaws.