Property Overview
This is a compact, one-storey home built in 1947 on a standard-sized lot in Winnipeg's Jefferson neighbourhood. Its key feature is a renovated basement, adding valuable finished space to the 652 sq ft main floor. The detached garage offers additional storage or workshop potential. Market data shows the home is priced accessibly, with an assessed value that is average for its immediate area but below the wider city average, suggesting a relatively lower entry point into the market.
Key Characteristics & Appeal
The primary appeal of 396 Smithfield Avenue lies in its practicality and value. The renovated basement effectively doubles the usable living area, a significant advantage not fully reflected in the main floor square footage. This makes it a functional, low-maintenance option. Its assessed value is squarely in line with the Jefferson area, indicating a fair, grounded price without the premium of newer or larger homes.
This property would suit first-time buyers seeking an affordable foothold, downsizers looking for a manageable single-level layout with a finished lower level for guests or hobbies, or investors interested in a straightforward rental property. A less obvious perspective is its appeal to those who value a larger lot (over 4,700 sq ft) for gardening or outdoor space, without the burden of a large house to maintain. It represents a classic "value-add" opportunity where future updates to the main floor can be made over time, building on the solid foundation of an already improved basement.
Frequently Asked Questions
1. Is the living space really only 652 square feet?
Yes, that is the size of the main floor. However, the home includes a renovated basement, which provides significant additional finished living area not included in that official figure.
2. How does the price compare to the neighbourhood?
The home's assessed value is very close to the average for both Smithfield Avenue and the broader Jefferson area, suggesting it is priced consistently with its local market rather than at a city-wide premium.
3. What is the typical buyer for a home like this?
It often attracts first-time homebuyers due to its accessibility, downsizers because of the single-storey layout, and practical investors looking for a rental property with a stable value proposition.
4. What should I consider about the home's age?
Built in 1947, the home is of a typical vintage for the area. Buyers should factor in potential updates to major aging components, such as the roof, windows, or plumbing, while appreciating the character and established lot size that often come with older properties.
5. The last sold price shows a range. How can I get the exact figure?
The exact historical sale price is available upon request from the listing service. You can provide your email to receive the precise figure, as this data is manually verified from official records.