Property Overview
This one-and-a-half storey home on Rupertsland Avenue in Winnipeg's Jefferson neighborhood presents a practical and updated living space. Built in 1947, it features 1,050 sqft of living area, a renovated basement, and a detached garage. The lot is a manageable 4,745 sqft. Recent sales data shows transactions in 2019 and 2022, indicating an active market for the property.
Key Characteristics & Appeal
The primary appeal of this home lies in its move-in readiness, highlighted by the renovated basement, and its strong positional value within its immediate area. While its size is average for the city, its assessed value ranks in the top 25-27% for its street and neighborhood, suggesting it is viewed favorably compared to its closest peers. This points to a well-maintained or improved property in a stable, established community.
It would suit first-time buyers or downsizers looking for a manageable, updated home without a large yard to maintain. The detached garage is a practical asset, and the home’s consistent sales history implies a recognizable value proposition in the local market. A thoughtful perspective is that its above-average assessment for the area could signal lower relative property taxes citywide, but potentially higher taxes within the immediate Jefferson neighborhood, which is a key budget consideration.
Frequently Asked Questions
1. What does the "above average" assessed value ranking actually mean?
It means the municipal assessment for this home is higher than most similar homes on its street and in Jefferson. This typically reflects updates, condition, or desirable features, but it's important to confirm how this translates to the actual property tax bill.
2. Is the living space sufficient for a growing family?
At 1,050 sqft, the living area is modest. The renovated basement provides additional flexible space, making it more viable for a small family, but those needing multiple large bedrooms or dedicated living areas may find it compact.
3. How does the lot size impact the property?
At just under 5,000 sqft, the lot is smaller than many on its street. This means less yard maintenance, but also limited space for expansions, large gardens, or extensive outdoor recreation.
4. The home sold in 2019 and again in 2022. Is that a concern?
Not necessarily. The recent sales activity indicates a property that is appealing and liquid in the market. It does warrant asking about the reasons for the sale to understand if there were any transient issues.
5. What are the implications of a home built in 1947?
You benefit from character and established neighborhoods, but should prioritize inspections for aging components like plumbing, electrical, and the roof. The renovated basement is a positive, but ensure renovations were permitted and meet current standards.