Property Overview: 311 Matheson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home on Matheson Avenue in the Jefferson area stands out for its generous proportions and established neighbourhood setting. Its key characteristic is significant above-average living space, with 2,422 sq ft ranking it in the top tier of homes locally. The property sits on a sizable 6,041 sq ft lot, offering ample outdoor space. While the basement is noted as unrenovated and the garage is detached, the home’s 1960 build date is relatively newer compared to many in the immediate area.
The appeal lies in securing a large, classic home in a mature community. It suits buyers looking for a project-ready canvas with good bones—specifically, those who value interior square footage and a large yard over modern, turn-key finishes. It would be ideal for a family planning gradual renovations, an investor seeing long-term value in a well-sized property, or a buyer who prioritizes spatial comfort and sees the unrenovated basement as an opportunity to customize rather than a drawback.
A less obvious perspective is the value of its "relative modernity" within its historic context; being built in 1960 may mean fewer concerns with antiquated building systems common in much older Winnipeg homes, potentially easing some renovation projects.
Section 2: Frequently Asked Questions
1. What does the "Elite" ranking for Living Area actually mean?
It means this home's interior square footage is larger than approximately 98% of similar properties on Matheson Avenue and over 99% in the wider Jefferson area, making its living space a defining and rare feature for this location.
2. The assessed value seems low compared to the sold price history. Why?
Municipal assessed values in Manitoba are for tax purposes and often don't reflect current market value. The recent sold price range (2023) is a more accurate indicator of its market worth, showing it sells for a significant premium over its tax assessment.
3. Is the unrenovated basement finished or unfinished?
The listing specifies "not renovated," which typically indicates it is either unfinished or has original, dated finishes. This should be confirmed via a viewing, but it presents a blank slate for future development.
4. How does the 1960 build year affect the home?
While still an older home, it is notably newer than the neighbourhood average (1939 on this street). This could imply updates to original construction methods and materials, but a thorough inspection is still essential to understand the condition of the roof, wiring, plumbing, and insulation.
5. Who would this property NOT be suited for?
It likely wouldn't suit buyers seeking a move-in-ready home with modern, open-concept layouts and updated amenities. The unrenovated basement and the overall need for potential updates require a buyer comfortable with a project or willing to live with dated elements for a time.