Property Overview: 306 Matheson Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home on Matheson Avenue in the Jefferson area presents a practical opportunity. With 1,157 sqft of living space and a renovated basement, it offers functional space that is competitively sized for its immediate neighborhood and Jefferson area. The detached garage and a 4,374 sqft lot provide standard outdoor and parking utility for the area.
The home’s primary appeal lies in its position as a grounded, average offering within a established community. Its assessed value sits around the middle range for both the street and the neighborhood, suggesting it is priced accessibly relative to local norms. A less obvious point of consideration is the home’s age; built in 1907, it is notably older than most homes in Jefferson and across Winnipeg. This grants it character and mature landscaping, but also means prospective buyers should have a realistic view of maintenance and updates. The renovated basement is a key modernizing feature that adds immediate livable space.
This property would suit a first-time homebuyer or a practical downsizer looking for a no-fuss home in a neighborhood without premium pricing. It’s for someone who values space and function over new construction, and who is comfortable with the realities and charms of an older home.
Frequently Asked Questions
1. Is the price competitive for the area?
Yes. The home’s assessed value is consistently around the average for both Matheson Avenue and the wider Jefferson neighborhood, indicating it is not priced at a premium compared to its direct peers.
2. What should I know about a house built in 1907?
While offering classic character and likely sturdy construction, systems like wiring, plumbing, and insulation may have been updated over time. A thorough inspection is essential to understand the condition and any needed upgrades for efficiency and safety.
3. How does the living space compare to other homes?
The living area is slightly below the average for similar homes on Matheson Avenue but is actually above the average for the Jefferson area as a whole. It provides a comfortable footprint that is competitive within its primary market.
4. What is the lot size like?
At just under 4,400 sqft, the lot is fairly typical for the area. It provides adequate outdoor space for gardening or recreation without being overly large to maintain.
5. Why is the citywide assessed value ranking lower?
The home’s assessed value ranks lower compared to the entire city because it is situated in a neighborhood where property values are generally more moderate. This doesn’t reflect on the home itself, but rather shows it is priced within its local market context, which can be an advantage for buyers seeking affordability.