Property Overview: 416 Hartford Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Jefferson presents a solid, move-in-ready opportunity. Its key characteristics include a renovated basement, a detached garage, and a generous 5,595 sqft lot that is notably larger than many in the immediate area. Built in 1956, the home’s 1,068 sqft living space and its assessed value consistently rank above average for the Jefferson neighbourhood, suggesting it is a maintained property in its local context.
The primary appeal lies in its established, no-surprises foundation. The renovated basement adds functional living space, while the large lot offers valuable outdoor room and potential—a relative rarity compared to nearby properties. It suits practical buyers looking for a straightforward home in a mature neighbourhood without the premium of a new build. It would particularly fit first-time homeowners seeking space to grow, or downsizers wanting single-level living with a manageable yard and the utility of a garage. A thoughtful perspective is that while the home’s metrics are strong locally, its city-wide rankings are average, highlighting it as a smart neighbourhood play rather than a standout city-wide investment, which can mean less competition and more value for the right buyer.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value ranks in the top 14% in the Jefferson neighbourhood, indicating it is considered above average compared to direct local peers, likely due to its condition, lot size, and renovated basement.
2. What is the significance of the lot size?
At 5,595 sqft, the lot is larger than many on the same street and in Jefferson. This provides more private outdoor space and future flexibility than is typical for the area.
3. Is the basement renovation reflected in the assessment?
Likely yes. The home’s above-average assessed value for its neighbourhood and street, despite its average living area and age, suggests improvements like the basement renovation have been factored in by assessors.
4. What can the recent sold price range tell me?
The reported sold price range from July 2023 provides a recent market benchmark. Given that the current assessed value is $33.20k, the sold price offers insight into the actual premium the market placed on the home at that time.
5. How does the age of the home affect things?
Built in 1956, the home is typical for the area. Its above-average condition rankings suggest major systems may have been updated. Buyers should still consider the potential for age-related maintenance, balanced against the character and established lot size of an older neighbourhood.