Property Overview: 361 Smithfield Avenue, Winnipeg
Key Characteristics & Appeal
This is a modest, one-storey home built in 1947, presenting a straightforward and affordable entry point into Winnipeg’s Jefferson neighborhood. Its key characteristics are defined by its scale and value. With 652 sqft of living space, the home is notably compact, ranking smaller than most comparable homes locally and citywide. It sits on a roughly 4,746 sqft lot, which is typical for the Jefferson area. The property features a detached garage and an unrenovated basement.
The primary appeal lies in its affordability and lot potential. The assessed value is very modest and aligns with averages for its immediate street and neighborhood, suggesting a lower property tax burden. For the right buyer, the smaller house on a standard lot presents an opportunity: it’s a manageable structure to maintain, with the land offering future potential for expansion, gardening, or outdoor space that the interior lacks. This home would best suit first-time buyers, downsizers, or investors seeking a low-cost holding property. It’s a practical choice for those comfortable with a smaller footprint or who see value in the land itself, rather than in a move-in-ready, modern interior.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is noted as being unrenovated. It provides raw space for storage or future development but is not a finished living area.
2. How does the home’s size compare to others?
At 652 sqft, the living area is below average for similar homes on Smithfield Avenue, in the Jefferson neighborhood, and across Winnipeg. It is a compact, one-storey layout.
3. What is the property’s assessed value and tax implication?
The assessed value is $27,600. This is around the average for the immediate area, which typically suggests a relatively lower property tax bill compared to higher-valued homes in the city.
4. When was it last sold and for approximately how much?
Public records indicate a sale occurred in October 2020, with a price range between $20,500 and $23,500. An exact sale price can be requested directly from the site.
5. What is the potential for expansion or renovation?
The lot size is standard for the area. The combination of a smaller, older home and a decent-sized lot could allow for a future addition or significant renovation, subject to local zoning and permit approvals. The unrenovated basement also offers potential for development.