Property Summary: 350 Matheson Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1949, situated on a notably generous lot for the Jefferson neighbourhood. With 972 sqft of living space, the home is smaller than many in the city but offers a renovated basement, adding functional space. The detached garage and a land area of over 5,700 sqft provide valuable outdoor utility and potential not always found in homes of this era and style.
Its primary appeal lies in its efficient footprint and its above-average lot size within the immediate area, representing a classic "value-in-the-land" proposition. The recent basement renovation adds modern livability. This property would best suit first-time buyers or downsizers seeking a manageable home with low-maintenance living, but who still desire a substantial yard for gardening, pets, or future projects. It’s a practical choice for those who prioritize lot size over square footage and appreciate the character and established streetscapes of a post-war neighbourhood.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 972 sqft, the living area is below the city-wide average but is relatively typical for the Jefferson area, where many homes are of a similar vintage and scale.
2. What does the "above average" land ranking mean for this property?
The lot is over 5,700 sqft, which is larger than many lots in the Jefferson neighbourhood. This means more private outdoor space than you might expect, offering room for additions like a shed, garden, or patio.
3. The assessed value seems low. Is that accurate?
The assessed value is a municipal figure used for calculating property taxes and often differs from market value. It’s best to compare it to recent sold prices of similar homes, like the nearby sale in early 2024, for a clearer market picture.
4. What are the implications of a home built in 1949?
While offering charm and established neighbourhoods, homes from this era may have original building materials and systems. A thorough inspection is recommended to understand the condition of the foundation, wiring, plumbing, and insulation.
5. Who would this home not be ideal for?
It may not suit buyers looking for a large, open-concept layout or multiple bedrooms on one level, given its smaller, traditional one-storey footprint. Those prioritizing a modern, move-in-ready interior throughout may find the scope of updates limited beyond the basement.