Property Overview
429 Rupertsland Avenue is a compact, one-storey home with a renovated basement and a detached garage. Built in 1946, it sits on a roughly 4,750 sqft lot in Winnipeg's Jefferson neighbourhood. The home's 652 sqft living area is notably smaller than most comparable properties locally and city-wide. Its assessed value of $27,500 is around the average for its immediate area but is well below the wider Winnipeg average. The property last sold in mid-2017.
Key Characteristics & Appeal
This home’s primary appeal lies in its affordability and efficiency. With a below-average assessed value and historically lower sale prices, it represents a clear entry point into the Winnipeg market. The renovated basement adds functional living space, a significant asset in a smaller main-floor footprint. The lot size is standard for the area, offering adequate outdoor space.
It would suit first-time buyers, investors, or downsizers seeking minimal upkeep and a manageable property. Its below-average size and value metrics suggest it’s not for those needing ample room, but rather for those who prioritize financial accessibility and practicality. A thoughtful perspective is that this type of property can offer stability; its value is closely aligned with its immediate neighbourhood averages, potentially insulating it from wider market volatility. It’s a home for living within one’s means, not for maximizing square footage.
Frequently Asked Questions
1. Is the house actually livable at only 652 sqft?
Yes, especially with the renovated basement. This setup effectively creates a multi-level living space, making the total usable area greater than the main-floor square footage suggests.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's characteristics (size, age, location) relative to similar homes. This home’s smaller size and older age place its value in line with Jefferson area averages but below the broader Winnipeg average, which includes newer, larger homes in different neighbourhoods.
3. What does the "Top 98%" ranking for living area mean?
It means that 98% of comparable homes city-wide have a larger living area. In this case, it confirms that this is a notably compact home compared to most of Winnipeg.
4. How recent is the basement renovation?
The provided details state the basement is renovated but do not specify when. This would be a key question for the listing agent or seller to determine the quality and current condition of the renovation.
5. Can I get the exact historical sale price instead of the range shown?
Yes. The exact sold price is available by request via email from the site administrators. They provide this data manually and do not use contact information for unsolicited marketing.