Property Overview: 400 Jefferson Avenue
Key Characteristics & Appeal
This is a practical, renovated one-and-a-half storey home built in 1947, offering a manageable 1,053 square feet of living space. Its appeal lies in its solid, no-frills foundation: a recently updated basement adds modern functionality to a classic structure, and its living area is squarely average for the Jefferson neighborhood, providing adequate space without excessive upkeep. The lot size of just under 4,000 sqft is also typical for the street, offering a modest outdoor area.
The data reveals a property that is financially accessible, with an assessed value consistently below area averages. This, combined with its renovation, positions it as a value-conscious entry point into the market. It would suit first-time buyers or practical investors looking for a straightforward, updated home without premium pricing. A less obvious perspective is that its "below average" assessed value against older comparables suggests it's not a standout luxury purchase, but a competitively priced workhorse property in its cohort. The lack of a garage or pool underscores its utilitarian nature.
Frequently Asked Questions
1. Is the renovated basement finished?
The listing specifies the basement is "renovated," which typically means it has been updated for modern use, but the details of the finish (e.g., drywall, flooring, ceiling) should be confirmed with a viewing or the listing agent.
2. Why is the assessed value notably lower than area averages?
The assessed value is below average for the street, neighborhood, and city. This can be influenced by the home's size, age, and specific market conditions at assessment time. It often translates to relatively lower property taxes, which is a key financial advantage.
3. What does the sold price history indicate?
The home sold in 2022 and previously in 2019. The price ranges shown suggest steady, modest appreciation in line with the market. Requesting the exact sold prices via the provided service will give the clearest picture of its recent market value.
4. What are the implications of having no garage?
This means parking and storage will require alternative solutions. Buyers should consider on-street parking permits, the cost of adding a shed or carport, and the impact on winter convenience in Winnipeg.
5. How does the age of the home (1947) affect it?
While the core structure is 79 years old, the renovated basement addresses a key area of concern in older homes. Buyers should still prioritize a thorough inspection of foundational elements, roof, wiring, and plumbing to understand what modernizations have been done and what may be needed.