Property Overview: 267 Hartford Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1948, situated on a standard-sized lot in the Jefferson neighbourhood. Its primary appeal lies in its practicality and recent updates, notably a renovated basement that adds valuable finished space to the 896 sqft main floor plan. The home features a detached garage and presents as a solid, no-frills property.
Its standout characteristic is value stability. The assessed value is consistently around the average for its immediate street, neighbourhood, and even city-wide, suggesting it’s priced in line with market norms without extreme premiums or discounts. This makes it a straightforward entry point into the market. The home would suit first-time buyers, downsizers, or practical investors looking for a manageable property with some modernized elements. A thoughtful perspective is that while the living area is below the city average, its recently renovated basement effectively expands the usable space, offering more potential than the main square footage alone implies. It’s a home for those who prioritize function, updates, and neighbourhood positioning over sheer size or new construction.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The details provided do not specify if the renovation created a legal secondary suite. This is a crucial point to verify with the listing agent and local municipality, as it impacts value, insurance, and permitted use.
2. How does the assessed value relate to the likely selling price?
The assessed value (around $30,500) is for municipal tax purposes and is typically lower than market value. Recent sold price ranges for this home (from $23.5k-$30.5k) suggest a market price in that general range, but current conditions will determine the final sale price.
3. What is the typical maintenance like for a home of this age?
Built in 1948, the home is nearly 80 years old. Prospective buyers should budget for and prioritize inspections of major aging components, such as the roof, foundation, plumbing, and electrical systems, even with recent basement updates.
4. What are the advantages of a detached garage?
A detached garage offers flexibility—it can be used for vehicle storage, a workshop, or extra storage without impacting the home's living space. It may also provide easier potential for expansion or modification than an attached structure.
5. Why is the living area ranked "below average" city-wide, but the value is "around average"?
This highlights the importance of location and condition. The home’s value is supported by its Jefferson neighbourhood positioning and the quality of its updates (like the renovated basement), factors that can offset a smaller main floor square footage in the overall valuation.