Property Overview
279 Jefferson Avenue is a compact, one-storey home built in 1920, situated on a standard-sized lot in Winnipeg's Jefferson neighbourhood. Its primary appeal lies in its position as an accessible entry point into homeownership, characterized by a very low municipal assessed value. The 672 sqft living area is notably smaller than most comparable homes locally and citywide. The home has a basement but it is not renovated, and the property features no garage or pool. It last sold in mid-2016 for a modest price range.
Key Characteristics & Ideal Buyer
This property’s defining characteristic is its affordability, underscored by an assessed value that ranks in the bottom 10-11% of the immediate area. Its appeal is almost entirely practical and financial: it represents a low-barrier option for a buyer with limited capital, prioritizing land ownership and a foothold in the market over move-in condition or space. The lot size is closer to the neighbourhood average, offering potential for future expansion or outdoor use that the small house itself does not.
It would best suit a highly budget-conscious buyer, such as an investor looking for a straightforward rental property, a hands-on individual willing to live in it while making gradual improvements, or someone seeking to minimize their property tax burden. A less obvious perspective is that its consistent below-average metrics across size, value, and age make it a stable, predictable asset in its tier, unlikely to be affected by the volatility that sometimes touches more competitive market segments. It is not suited for those needing turn-key condition, multiple bedrooms, or garage parking.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the home's smaller size, age, and likely condition compared to the broader Winnipeg market. It is more in line with values in its immediate Jefferson area, where it is still considered below average.
2. What does "basement, not renovated" typically mean?
This usually indicates an unfinished or partly finished basement in original or utilitarian condition. It may be suitable for storage or basic laundry facilities but would require significant work to become a comfortable living space.
3. How can I find out the exact past sale price?
The exact sold price is not publicly displayed. As noted on the listing, you can provide your email to the site to request that information manually. They state they do not use emails for unsolicited marketing.
4. Is the land size a positive aspect here?
Relatively, yes. While below the city average, the 3,877 sqft lot is closer to the neighbourhood norm. For a small house, it provides a decent outdoor space ratio, which is a point of potential not reflected in the home's interior metrics.
5. What are the main compromises with a home of this size and age?
Buyers should anticipate limited living and storage space, the probability of older building systems (like plumbing or wiring) that may need attention, and no attached garage. Heating costs per square foot may also be higher due to age and layout efficiency.