Property Overview
This one-storey home at 413 Smithfield Avenue in Winnipeg's Jefferson neighborhood is a compact, post-war bungalow built in 1947. With 652 sqft of living space, it is notably smaller than most area homes, placing it in the top 83% for size on its own street (meaning only 17% of nearby homes are smaller). Its assessed value is $26,100, which is below average for the immediate area. Key features include a renovated basement and a land area of 4,747 sqft, which is fairly typical for the city. The home last sold in early 2016 for an estimated $17.5k–$20.5k.
Section 1: Key Characteristics & Appeal
This property’s primary appeal lies in its simplicity and potential as an affordable entry point into the Winnipeg market. Its compact size and efficient layout could suit a minimalist lifestyle or serve as a straightforward investment property. The renovated basement adds functional living space, a valuable upgrade in a home of this vintage. The lot size is standard, offering adequate outdoor space without the burden of extensive maintenance.
It would likely suit first-time buyers or investors seeking a low-cost holding with renovation potential. Its below-average price and assessed value for the area suggest it's one of the more accessible options in Jefferson. A less obvious perspective is that its small size and age could represent a lower carbon footprint and simpler upkeep, appealing to those looking to downsize or reduce living costs intentionally. However, buyers should be prepared for a home that is significantly cozier than the neighborhood average.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 652 sqft, this home is considerably smaller than comparable properties on Smithfield Avenue (avg. ~1,035 sqft), in Jefferson (avg. ~1,029 sqft), and citywide (avg. ~1,342 sqft).
2. What is the property’s assessed value and tax implication?
The current assessed value is $26,100, which is below the average for both the street and the neighborhood. This typically results in lower municipal property taxes.
3. When was it last sold and for what price?
The home was last sold in February 2016. Public data indicates a sale price range of $17,500 to $20,500 at that time. The exact price can be requested from the listing provider.
4. What are the key features of the home?
It is a one-storey bungalow built in 1947, featuring a renovated basement. It does not have a garage or a pool.
5. Is the lot size typical for the area?
The land area of 4,747 sqft is slightly below average for Smithfield Avenue but is very close to the average lot size for the wider Jefferson neighborhood.