Property Overview: 258 Smithfield Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home on Smithfield Avenue in the Jefferson neighborhood presents a solid, well-maintained property with strong local appeal. Its key characteristics include a renovated basement, a detached garage, and a generous 5,340 sqft lot. Built in 1949, the home offers 1,194 sqft of living space, which is notably above average for both the immediate street and the Jefferson area.
The primary appeal lies in its established neighborhood setting and its strong standing relative to comparable local homes. Data indicates this property consistently ranks in the top 25-30% on its street and in Jefferson for both living area and assessed value, suggesting it is a premium offering within its immediate market. This makes it particularly suitable for buyers seeking a character home in a mature neighborhood who value space and a sense of established community over a brand-new build. It would suit a first-time buyer looking for a move-in-ready home with renovation work already started (in the basement), or a downsizer wanting a manageable footprint without sacrificing yard space. A less obvious perspective is its appeal to the value-conscious buyer who understands that outperforming local averages can be a marker of stability and potential resilience in market shifts.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows this home is consistently above average for the Jefferson neighborhood, particularly in living space and assessed value. It ranks in the top quarter of similar homes locally, meaning it offers more space and is valued higher than most direct comparables.
2. What does the "renovated basement" include?
The listing confirms the basement has been renovated, but the specific scope and quality of finishes are not detailed. This is a key question for a viewing or for your real estate agent to clarify with the seller.
3. Is the assessed value a good indicator of the likely selling price?
The assessed value of $31.4k is a municipal figure for tax purposes and is not a market valuation. Market price is determined by current buyer demand. The home's history of selling above local averages suggests strong market appeal.
4. What are the implications of the home being built in 1949?
While the home is newer than many on its street, being 77 years old means potential buyers should prioritize a thorough inspection. This can verify the condition of major aging components like the roof, plumbing, and electrical systems, even with a renovated basement.
5. Why is the city-wide ranking for living area only average?
The home's living space is above average for its local area but ranks near the middle (Top 51%) city-wide. This simply reflects that newer suburban neighborhoods often feature larger modern floor plans, whereas this home offers generous space for its established neighborhood context.