Property Overview
This one-storey home at 369 Smithfield Avenue in Winnipeg's Jefferson neighbourhood presents a compact, efficient living space. Its key appeal lies in being a more accessible entry point into homeownership, with a recently renovated basement adding functional living area. The detached garage and a nearly 5,000 sqft lot offer valuable outdoor and storage space in a mature setting.
The home is notably smaller than average for the area, with just 652 sqft of living space, which positions it well for first-time buyers, downsizers, or investors seeking a manageable property. Its assessed value is modest compared to city-wide averages, suggesting a lower property tax burden. The 1947 build date is typical for the street, indicating a character home that may appeal to those not seeking a new build. A thoughtful perspective is that this property represents a "land value play" with a livable house; the generous lot relative to the home's size could hold long-term value for expansion or redevelopment, depending on zoning.
It would suit practical buyers looking for a straightforward, no-frills home without the upkeep of a large property or pool. It's a pragmatic choice for someone whose lifestyle is mostly outdoors or who values financial flexibility over square footage.
Frequently Asked Questions
Is the basement included in the 652 sqft living area?
No, the 652 sqft figure refers to the above-ground living area. The renovated basement is additional space, which significantly increases the usable square footage of the home.
How does the assessed value relate to the likely selling price?
The assessed value ($25,400) is for municipal tax purposes and is typically lower than market value. Recent sold price data for this home (ranging from ~$26.5k to $29.5k in 2021) provides a more current benchmark, though market conditions have likely changed since then.
What does the ranking data (e.g., "Top 83%") actually mean for living area?
This statistic means the home's living area is smaller than most comparable homes. For example, "Top 83%" on its street indicates that about 83% of similar nearby homes are larger. This quantifies the home's compact nature.
Is the lot size a positive feature here?
Potentially, yes. While the lot is slightly below average for the immediate street, it is very close to the average for the wider Jefferson area. For a home of this size, the lot provides a good balance of yard space without excessive maintenance.
What is the significance of the home's age (1947)?
Built in 1947, the home is of average age for Smithfield Avenue. Buyers should anticipate the potential for updates common to houses of this era, but also benefit from the established, mature neighbourhood feel that comes with it.