Property Overview: 394 Hartford Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a practical, renovated one-and-a-half storey on a standard-sized lot in the Jefferson neighbourhood. Its key appeal lies in being a solid, no-frills property that offers value and function. With 836 sqft of living space, it is notably compact—smaller than most comparable homes on its street and across the city—which suggests efficient, manageable living. The renovated basement adds valuable functional space. A detached garage provides utility or storage.
The home suits first-time buyers or practical investors seeking an affordable entry into the market with immediate livability, thanks to the renovation. It also appeals to those looking to minimize upkeep and living space, such as downsizers or individuals comfortable with a cozy footprint. A less obvious perspective is its statistical positioning: while the home is smaller in scale, its assessed value is consistently around the average for its immediate area, indicating it is priced in line with its Jefferson neighbourhood context rather than city-wide trends. This represents a straightforward, neighbourhood-anchored value proposition.
Section 2: Frequently Asked Questions
1. How does the living area size impact value?
At 836 sqft, the living area is below average for both the street and the city. This typically translates to a lower price point, making it an affordable option, but it's important to ensure the layout and renovated basement meet your space needs.
2. What does the assessed value tell me?
The assessed value of $28,800 is around average for Jefferson and Hartford Avenue. This suggests the property is not unusually over- or under-valued compared to its direct neighbours, providing a stable benchmark for the area.
3. Is the 1953 build year a concern?
The year built (1953) is older than most in Jefferson but around average for the street. The key detail is the renovated basement, which indicates some updates have been made. A thorough inspection is always recommended for homes of this age.
4. What can the 2020 sale price range indicate?
The recorded sale price range of $19.5k–$22.5k in July 2020 provides a historical data point. Market conditions have likely changed since then, but it shows the home's price trajectory was consistent with its character as a lower-priced, compact property.
5. Who are the most likely buyers for this home?
This property is best suited for first-time buyers prioritizing affordability and a move-in-ready condition (due to the renovation), or for investors seeking a modest rental property. Its smaller size makes it less ideal for growing families needing more space.