Property Overview & Key Characteristics
This 652 sqft, one-storey home on a 4,746 sqft lot in Jefferson presents a compact and efficient living space. Built in 1947, its key appeal lies in its renovated basement and a below-average assessed value, offering a relatively accessible entry point into the Winnipeg market. The detached garage adds practical utility. Its living area is notably smaller than most comparable homes locally and city-wide, which positions it as a true starter home or a downsizing opportunity.
The property would suit first-time buyers seeking a manageable footprint and lower property taxes, or investors looking for a pragmatic rental property. Its appeal is grounded in practicality rather than size, offering the essentials in a established neighbourhood. A thoughtful perspective is that a smaller, well-maintained home like this can provide financial flexibility, freeing up resources for renovations, travel, or investments compared to a larger, more burdensome mortgage.
Frequently Asked Questions
1. Is the house too small?
At 652 sqft of living area, it is significantly smaller than the average Winnipeg home. This makes it efficient and low-maintenance, but requires thoughtful use of space. The renovated basement is a crucial feature for adding functional living or storage space.
2. Why is the assessed value notably lower than the city-wide average?
The assessed value of $26.7k is below the city-wide average, reflecting factors like the home's smaller size, age, and the specific market dynamics of the Jefferson area. This typically translates to lower annual property taxes.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand if it's a finished living space, a modern utility area, or includes a separate suite.
4. How does the lot size compare?
The lot is just under 5,000 sqft, which is around average for the Jefferson neighbourhood. This provides a decent outdoor space for a home of this size, but is not an exceptionally large yard.
5. What is the significance of the home's rankings and "top" percentages?
These metrics compare this home to others on its street, in Jefferson, and across Winnipeg. They objectively show that while the lot and year built are fairly typical for the area, the living space is compact. This data helps set realistic expectations about the property's scale and value relative to its surroundings.