417 Jefferson Avenue

Property Overview

This one-storey home at 417 Jefferson Avenue is a compact, no-frills property centered on practicality and value. Its key appeal lies in its very low assessed value and recent basement renovation, presenting an accessible entry point into the Winnipeg market. The house itself is modest at 724 sq ft, placing it well below average in size for the street, neighborhood, and city. However, it sits on a roughly average 5,055 sq ft lot for the area. Built in 1950, its age is typical for Jefferson. The home features a detached garage and a renovated basement.

This property would primarily suit a specific type of buyer: those seeking absolute minimum upfront cost, such as first-time buyers or investors looking for a straightforward rental opportunity. Its size and condition suggest it's a project-friendly base rather than a move-in-ready forever home. A thoughtful perspective is that its below-average size on a standard lot could represent a future opportunity; the value may lie as much in the land as in the existing structure, appealing to someone with long-term redevelopment plans.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
Assessed values are relative to similar properties. This home's value is in line with averages for Jefferson Avenue and the Jefferson neighborhood, which are significantly lower than the average for all of Winnipeg. This reflects the local market conditions.

2. Is the living area too small for comfortable living?
At 724 sq ft, the living space is compact. It would suit a single person, a couple, or someone comfortable with efficient, minimalist living. The renovated basement adds functional space, but the above-ground footprint is small.

3. What does "renovated basement" typically mean here?
While specifics aren't provided, in homes of this era and price point, a renovated basement often means it has been finished into a usable living or recreational space, adding valuable square footage. It's advisable to confirm the quality, permits, and moisture control.

4. How reliable are the sold price ranges from 2017?
The ranges are based on public data. For precise historical pricing to inform your offer, you must request the exact figures from the site via email, as noted in the details.

5. Who are the most likely competing buyers for this home?
Given its profile, you may be competing with first-time buyers prioritizing low entry cost, practical renovators, and investors seeking a rental property with a low assessed value for tax purposes.