Property Overview: 326 Jefferson Avenue, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a compact, one-storey home built in 1927, offering 860 square feet of living space on a roughly 5,000 square foot lot. Its key characteristic is its position as a modest, entry-level property. The appeal lies in its renovated basement, its below-average assessed value, and a lot size that is typical for the local area. It represents a practical, no-frills opportunity in the market.
This home would suit first-time buyers or investors seeking an affordable entry point into homeownership. Its lower ongoing property taxes, due to the assessed value, could be a meaningful long-term saving. The renovated basement adds functional living space, which is a significant advantage in a smaller home. A thoughtful perspective for the right buyer is viewing this not just as a small house, but as a proportionally large piece of land with a home on it—offering future potential relative to the investment.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed values are relative within market areas. This home’s value is benchmarked against others on Jefferson Avenue and in the broader Jefferson area, where average values are similarly lower than the Winnipeg city-wide average.
2. What does the ranking data (e.g., "Top 74%") for living area mean?
It means this home’s living area is larger than 74% of comparable homes on Jefferson Avenue. While its 860 sqft is below the city-wide average, it is actually on the larger side for its immediate street and neighborhood.
3. Is the sold price history shown the exact price?
No, the listed sold price is a range based on public data. You can request the exact sold price by emailing the site; they provide this detail manually without using your email for marketing.
4. What are the implications of the home being built in 1927?
While the home has charm and character, a buyer should budget for potential maintenance or updates common in houses of this age, such as older plumbing, wiring, or windows, even with a renovated basement.
5. There’s no garage. What are the parking options?
The listing indicates no garage. Buyers should verify on-site parking options, such as a driveway or street parking permits, which are common for homes of this vintage in the area.