Property Overview: 316 Smithfield Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Smithfield Avenue in the Jefferson area presents a practical and grounded opportunity. Built in 1948, it features 1,068 sqft of living space and a renovated basement, with a detached garage on a 4,743 sqft lot. The data suggests a home that is consistently "around average" for its immediate street and neighborhood in terms of living space, assessed value ($290k), and age. Its appeal lies in this very steadiness—it’s a representative property in its community, not an outlier. The renovated basement adds modern utility to the classic floorplan.
The property would suit a first-time buyer or a downsizer looking for a manageable, single-level layout in an established neighborhood. A thoughtful perspective is the lot size: while below average for Smithfield Avenue, it is typical for Jefferson and city-wide, offering a lower-maintenance yard without sacrificing outdoor space. The home’s value proposition is one of predictability and convenience, ideal for someone prioritizing a straightforward entry into the market or a simpler living arrangement without the premium or challenges of a more unique property.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others in Winnipeg?
The home’s assessed value of $290k is around average for both its street and the Jefferson area. City-wide, this value ranks below average (top 73%), reflecting that more expensive homes exist across Winnipeg, but it is competitively positioned within its own established neighborhood.
2. What is the significance of the "renovated basement"?
While the listing confirms the basement is renovated, specifics on the finish quality, permits, or the nature of the renovation (e.g., legal suite, family room, storage) are not provided. This would be a key area for buyer due diligence.
3. Is the lot size a disadvantage?
The lot is smaller than others on Smithfield Avenue but is standard for the broader Jefferson area. This typically means less yard maintenance, which can be an advantage for many buyers, though it may offer less privacy or expansion potential than larger lots.
4. What can recent sold prices on the street tell me?
Nearby properties on Smithfield Avenue have sold recently, which is useful for comparison. However, the exact sold price for this home (last sold 9/2017) is not publicly listed; it can be requested directly from the site via email for precise historical context.
5. Who might this property not suit?
Buyers seeking a large, modern footprint, a brand-new home, or extensive outdoor space may find this property too modest. Its characteristics are best suited for those comfortable with a home of average size and vintage for the area, valuing location and practicality over standout features.