Property Overview
This 1948 one-storey home at 274 Smithfield Avenue in Winnipeg's Jefferson neighbourhood presents a practical and affordable entry into homeownership. Its key appeal lies in a renovated basement and a detached garage, adding functional space to its modest 768 sqft main floor. The lot is a notable feature, at 5,340 sqft, which is above average for Jefferson, offering valuable outdoor space and potential.
The home suits first-time buyers or downsizers seeking a manageable, single-level layout without a major renovation project. Its assessed value of $280k is around average for its immediate area, suggesting a stable, no-surprises investment in a well-established community. A thoughtful perspective is that while the living area is compact, the generous lot size and renovated basement provide room to grow or customize, offering a balance of coziness and possibility not always found at this price point.
Frequently Asked Questions
How does the home’s size compare to others?
The 768 sqft living area is below average for Winnipeg, but typical for many older, character homes in established neighbourhoods like Jefferson. It emphasizes efficient use of space.
What is the significance of the lot size?
At 5,340 sqft, the lot is larger than many in the Jefferson area. This is a key asset, providing ample yard space for gardening, recreation, or future expansions like a deck or shed.
Is the assessed value a good indicator of the likely selling price?
The assessed value ($280k) is a municipal valuation for tax purposes. Notably, recent nearby sales on Smithfield Avenue (early 2024) showed prices in the $315k-$345k range, which can be a more current market indicator.
What does “renovated basement” typically mean for a home of this era?
While specifics aren't listed, in a 1948 home this often includes modernized essentials like flooring, lighting, and drywall, creating a clean, functional living or storage space. It’s wise to confirm the scope and permits.
Who would this property not suit?
It may not fit buyers needing extensive main-floor square footage or very modern, open-concept layouts. The one-storey design with a basement also means stairs are still involved for accessing the additional renovated space.