Property Overview: 382 Royal Avenue, Winnipeg
Key Characteristics & Appeal
This 1975 bi-level home at 382 Royal Avenue in Jefferson presents a practical and straightforward opportunity. Its key characteristics include 820 sqft of living space, a renovated basement, and a detached garage. The home sits on a modest, manageable lot of just under 2,900 sqft.
The appeal lies in its relative modernity compared to many area homes, its updated basement, and its efficient scale. The assessed value is positioned around the average for the street and neighbourhood, suggesting a stable, entry-level price point within the market. This isn't a sprawling property; its below-average living and land area statistics indicate a compact, low-maintenance footprint. This makes it particularly suited for first-time homebuyers, downsizers, or investors seeking a turnkey rental property with modernized basics and minimal yard upkeep. The home offers a chance to enter the market in a well-established neighbourhood without the premium or renovation demands of an older, larger character home.
Frequently Asked Questions
1. How does the home's size compare to others?
At 820 sqft, the living area is below the average for similar homes on Royal Avenue, in the Jefferson neighbourhood, and across Winnipeg. This indicates a more compact, efficient layout.
2. What does the assessed value tell me?
The assessed value is around the local average for the street and neighbourhood, but below the city-wide average. This typically reflects the home's smaller size and the specific market values of the Jefferson area, suggesting a competitively priced entry point.
3. Is the 1975 build date a positive?
Yes, in this context. The home ranks as "above average" in year built for both the street and Jefferson, meaning it is newer than many surrounding properties. This can imply fewer concerns related to aging infrastructure common in much older homes.
4. What are the implications of the lot size?
The lot is notably smaller than average on all comparison levels. This is a key feature for buyers who prefer minimal yard maintenance, but a limitation for those envisioning extensive gardens, additions, or outdoor space.
5. Who might the nearby comparable property at 381 Burrin Avenue be relevant?
Listed as a reference, 381 Burrin Avenue (a 1953 home with similar assessed value but more living space) provides context. It suggests that at this price point in Jefferson, buyers may choose between slightly more interior space in an older home versus the relative modernity and updates of 382 Royal Avenue.