Property Overview: 323 Royal Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1948, situated on a standard-sized lot in the Jefferson neighbourhood. Its key features include a recently renovated basement and a detached garage. With 817 square feet of living space, the house is notably smaller than average for Winnipeg, positioning it as a more manageable and potentially efficient property.
The appeal lies in its practicality and value within its immediate area. While smaller in size, its assessed value is around the average for Royal Avenue and Jefferson, suggesting it may offer a more affordable entry point into the neighbourhood without the premium for larger square footage. The renovated basement adds functional living space, which is a significant asset in a smaller home. This property would suit first-time buyers, downsizers, or investors looking for a straightforward, low-maintenance home. Its scale offers an opportunity for those who prioritize location and lot over interior size, or for buyers who see potential in maximizing the existing footprint and the benefits of a refreshed basement.
Frequently Asked Questions
1. How does the smaller living area impact value?
While the home is below the city average in size, its assessed value is competitive within its own street and neighbourhood. This indicates the market recognizes factors beyond pure square footage here, such as the lot location and recent updates.
2. What does the renovated basement include?
The listing confirms the basement is renovated but does not specify the finish or layout. This is a key detail to clarify, as it determines whether this space adds livable rooms, a rental suite, or simply updated utility and storage areas.
3. Is the detached garage a standard size?
The listing notes a detached garage but not its dimensions. Given the home's era and the lot size, it likely accommodates one vehicle. Confirming its condition and size is advisable.
4. How does the year built affect maintenance?
Built in 1948, the home is older than the Winnipeg average. Prospective buyers should budget for and investigate updates to major aging components, such as the roof, plumbing, and electrical systems, even with a renovated basement.
5. Why is there a range for the past sold price?
As noted, the sold price history provided is an estimated range from public data. To obtain the exact sale price from 2016, you must request it directly from the site via email, as they manually verify this information from official records.