Property Overview
412 Rupertsland Avenue is a compact, one-storey home in Winnipeg’s Jefferson neighbourhood. Built in 1947, it features a renovated basement and a detached garage. With 652 square feet of living space, it is notably smaller than most homes in the area and across the city. However, its assessed value is in line with local averages, suggesting it is priced appropriately for its location. The property sits on a 4,746 sqft lot, which is fairly typical for Jefferson.
Key Characteristics & Appeal
This home’s primary appeal lies in its efficiency and affordability within a well-established neighbourhood. Its below-average size translates to lower maintenance and utility costs, making it a practical entry point into homeownership. The renovated basement adds valuable functional space. It would suit first-time buyers, downsizers, or investors looking for a manageable property with a stable assessment value. A thoughtful perspective is that its smaller footprint on a standard lot presents a future opportunity: the existing structure could be expanded or replaced, making the land itself a strategic asset.
Frequently Asked Questions
1. Is the house too small?
At 652 sqft, the living area is significantly smaller than the neighbourhood average. It’s a compact layout best suited for individuals, couples, or those comfortable with efficient living spaces.
2. How does the assessed value compare?
The assessed value of $28,500 is around the average for both Rupertsland Avenue and the wider Jefferson area, indicating the property is valued consistently with its immediate surroundings.
3. What is the potential for this property?
Beyond being a move-in ready home, the lot size is standard for the area. This could appeal to buyers viewing it as a long-term hold, with the potential to renovate or redevelop the site in the future.
4. What is the sales history?
The property sold previously in August 2021 and March 2016. Exact sold prices are available upon request via email from the listing service.
5. What are the ongoing costs likely to be?
Given its smaller size and average assessment for the street, property taxes and utility costs are likely to be relatively manageable compared to larger homes in Winnipeg.