Property Overview: 312 Enniskillen Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home on a standard-sized lot in Jefferson presents a solid, value-oriented opportunity. Its key appeal lies in a combination of a renovated basement and a notably strong assessed value relative to its immediate neighborhood. At 1,152 sqft, the living space is practical and aligns with the local average, but the property stands out for its financial assessment, ranking in the top 15% within Jefferson. This suggests the municipality recognizes substantial value here, potentially due to improvements, lot desirability, or a combination of factors.
Built in 1949, the home is older than most on its street, which could imply a need for updates to main living areas, but also offers the character and build quality of its era. The detached garage adds flexibility. This property would suit a pragmatic buyer looking for a foothold in a stable neighborhood without overpaying, perhaps a first-time homeowner or an investor who sees value in the strong assessment and the already-completed basement renovation. It’s a home that offers more in perceived long-term value and equity than in immediate modern luxury.
Section 2: Frequently Asked Questions
1. What does a "renovated basement" typically include?
While specifics require a viewing, this generally means the lower-level living space has been updated to a liveable standard, potentially including finished walls, flooring, and ceilings. It’s wise to ask about the permit history, the quality of materials used, and whether it includes a separate entrance or bathroom.
2. The assessed value is high for the area. Is this good or bad?
It’s generally positive, indicating strong municipal valuation for tax purposes, which often correlates with resale value. However, it also means property taxes will likely be higher than on neighboring homes with a lower assessment. It’s a sign of the property’s standing but comes with a recurring cost.
3. The home is older than most on the street. Should I be concerned?
Not necessarily. An older home in a neighborhood of slightly newer builds can sometimes mean a larger, more established lot or unique architectural details. It does underscore the importance of a thorough inspection, focusing on the roof, wiring, plumbing, and foundation to understand any upcoming maintenance.
4. How reliable are the provided sold price ranges?
The ranges are based on publicly available data and give a good ballpark figure for past market activity. For precise historical sale prices to inform your offer, you must request the exact data via email, as noted on the listing.
5. What are the implications of a detached garage?
A detached garage offers flexibility—it could be used as a workshop or studio without concerns about noise or fumes entering the house. The downside is convenience; you’ll have to go outside in all weather conditions to access your vehicle or stored items.