Property Overview & Key Characteristics
This one-and-a-half storey home on Rupertsland Avenue in Winnipeg's Jefferson neighbourhood presents a classic, no-frills opportunity. Built in 1947, its 1,050 sqft living area and 4,746 sqft lot are squarely average for the immediate area, offering a manageable footprint. Key features include a detached garage and an unrenovated basement, indicating a property that is functional but may benefit from modernization. Its assessed value is consistent with similar homes in Jefferson, suggesting a fairly priced entry point into the market.
The appeal lies in its straightforward, grounded nature. It’s a home that doesn’t pretend to be something it’s not, offering a blank canvas for a buyer who sees potential rather than perfection. It would suit a first-time buyer comfortable with a project, an investor looking for a stable rental property in an established area, or someone seeking a modest, low-maintenance home without the premium of a fully updated property. A thoughtful perspective is that its very "averageness" for the street and neighbourhood can be a strength, providing stability and predictable costs without the volatility sometimes seen in rapidly changing areas.
Frequently Asked Questions
1. What is the true condition of the unrenovated basement?
While specifics aren't listed, an "unrenovated" basement typically means original finishes, likely concrete floors and walls, and older mechanical systems. Buyers should budget for potential updates for moisture control, insulation, or modernizing utilities.
2. How does the sold price history inform the current value?
The home sold in late 2022 for an estimated range of $30.5K to $33.5K, which was well above the neighbourhood average at that time. This suggests the property may have had unique factors driving that sale. Current assessed value is $29.4K, making it essential to understand what changed between then and now.
3. Is the lot size a disadvantage?
At 4,746 sqft, the lot is below average for Rupertsland Avenue but average for Jefferson overall. It provides adequate outdoor space for a garden or patio but may not suit those wanting extensive yard space. The smaller lot can mean lower maintenance.
4. What are the implications of the home's "average" rankings?
The data shows the home consistently ranks in the 40th-70th percentile for its street and neighbourhood across size, value, and age. This indicates it's a typical property for Jefferson, which can mean easier comparables for financing and insurance, and less risk of being over-improved for the area.
5. Who should request the exact sold price history?
The exact price is available by request. This is most useful for serious buyers or those performing a detailed comparative market analysis, as the precise figure (versus the published range) can clarify how the previous sale aligns with current assessments and listings.