Property Overview: 390 Smithfield Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on Smithfield Avenue is a classic Winnipeg property that represents solid, middle-of-the-road value. Built in 1947, it features 1,050 sqft of living space, a renovated basement, a detached garage, and sits on a standard 4,748 sqft lot. Its appeal lies in its unassuming, established neighborhood setting. The data shows it consistently ranks as "around average" compared to similar homes on its street and in the Jefferson area for size, lot, value, and age. This isn't a standout luxury property or a fixer-upper; it's a straightforward, renovated home in a mature community.
It would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a move-in-ready basement and a manageable lot over square footage or modern construction. A thoughtful perspective is that its very "averageness" in the local context is a strength: it suggests stable, predictable value without the premium or risk associated with homes at the extreme high or low ends of the market. The detached garage also offers flexibility for storage, a workshop, or parking separate from the house.
Frequently Asked Questions
1. Is the assessed value the same as the market price?
No. The assessed value of $28,800 is for municipal tax purposes. The actual market price is determined by recent sales of comparable homes, buyer demand, and the current market. The last known sale was between $25,500k and $28,500k in June 2021.
2. What does "around average" in the rankings mean for me?
It means this property is typical for the Jefferson area. You are unlikely to be overpaying for exceptional features, nor are you finding a hidden gem priced far below its peers. It indicates a stable, predictable purchase within the neighborhood's norms.
3. How updated is the home, given it was built in 1947?
The listing specifically notes the basement has been renovated. The condition of major systems (roof, wiring, plumbing, windows) and the main-floor living areas should be verified by a professional inspection, as no other updates are detailed in the provided information.
4. Why is the city-wide assessed value comparison so low?
The data shows the home's assessed value is in the bottom 74% city-wide because average assessed values across all of Winnipeg ($390k) are skewed higher by newer, larger homes in suburban developments. This comparison is less relevant than the local Jefferson and street-level rankings, where it sits squarely in the average range.
5. How can I find out the exact historical sale prices?
The exact sold prices are not publicly displayed. You can request them directly from SaveOnHouse by providing your email address, as noted on the listing page. They state they will provide the accurate figures manually without using your email for unsolicited marketing.