Property Overview: 313 Rupertsland Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1948, featuring a renovated basement and a detached garage. With 720 sqft of living space, it is notably smaller than most homes in its immediate area, city-wide, and even within the Jefferson neighbourhood. This smaller footprint is balanced by a decently sized lot of 4,742 sqft, which is quite generous for the street and offers valuable outdoor space or future expansion potential.
The primary appeal lies in its efficiency and value. The home presents a manageable scale for upkeep and heating costs, making it a practical entry point into the market. Its assessed value is consistent with area averages, suggesting a stable, no-frills investment. The renovated basement adds functional living space, a significant plus for a home of this size.
This property would best suit first-time buyers, downsizers, or pragmatic investors seeking a lower-maintenance home with a good land-to-building ratio. It’s for someone who prioritizes a manageable footprint and a private yard over spacious interior square footage. A thoughtful perspective is that this home offers the chance to live in a established neighbourhood without the burden of maintaining a larger, older house, allowing for a simpler lifestyle or a focused investment in outdoor living or strategic renovations over time.
Section 2: Frequently Asked Questions
1. Is the small living area a major drawback?
While below average in size, the 720 sqft layout, combined with a renovated basement, provides essential living spaces. It demands efficient use of space but results in lower utility and maintenance costs.
2. What does the assessed value tell me about the price?
The assessed value ($27.5k) is around the neighbourhood average, indicating the property is not overvalued relative to its immediate peers. It serves as a baseline, but the final market price will be influenced by condition, updates, and current demand.
3. How does the lot size compare?
The lot is a key feature. At 4,742 sqft, it is larger than many on Rupertsland Avenue and average for Jefferson. This provides a tangible asset—room for gardening, recreation, or potential future additions—that many similarly priced homes may not offer.
4. What is the significance of the sold price history?
The home sold in 2019 and again in 2022, showing a price increase in that period. This indicates active market interest and can help gauge trends, though past performance is not a guarantee of future value.
5. Who are the most likely neighbours or buyers for this home?
Given its size and profile, immediate neighbours are likely in similar, modest post-war homes. The buyer pool will consist of those looking for affordability and practicality in Jefferson, rather than those seeking a large family home or a premium modern property.