Property Overview
This one-storey home at 368 Rupertsland Avenue in Winnipeg's Jefferson neighbourhood presents a specific and practical opportunity. Built in 1947, its key characteristic is its compact size, with 678 square feet of living space and a recently renovated basement. The property sits on a roughly 4,745 sqft lot and includes a detached garage.
Its primary appeal lies in its efficiency and manageability. With a below-average assessed value for the area, it offers an accessible entry point into the Winnipeg market. The renovated basement adds functional living space, making the home feel larger than the main floor square footage suggests. This isn't a sprawling property; instead, it suits buyers looking for a straightforward, low-maintenance footprint without a premium price tag. It would be a strong fit for a first-time homebuyer, an investor seeking a rental property, or someone looking to downsize into a simpler, single-level layout. A thoughtful perspective is that its modest size and lot represent a lower environmental footprint and reduced utility costs, which can be a significant long-term advantage.
Frequently Asked Questions
1. Is the house too small?
At 678 sqft on the main floor, it is significantly smaller than the average Winnipeg home. However, the renovated basement provides additional space. It's ideal for those who prioritize efficient living over ample room.
2. How does the assessed value compare to recent sale prices?
The current assessed value is $260k. The home sold previously in 2020 and 2019 for prices reportedly between $19.5k and $23.5k, but it is crucial to request the exact sold price history from the listing service for an accurate, current market comparison.
3. What does the "below average" ranking for living area mean?
The rankings show this home's living area is smaller than most comparable homes on its street, in Jefferson, and citywide. This directly contributes to its accessible pricing.
4. What is the condition of the home given its age?
Built in 1947, its age is typical for the Jefferson neighbourhood. The listing specifically notes the basement has been renovated, which is a positive update, but a professional inspection is recommended to assess the overall condition of the structure and major systems.
5. Is the lot size a pro or a con?
The lot is slightly below average for the street but around average for the Jefferson area. It provides adequate outdoor space for a small garden or patio while minimizing yard maintenance responsibilities.