Property Overview
447 Rupertsland Avenue is a compact, one-storey home in Winnipeg's Jefferson neighbourhood. Built in 1948, its key feature is a renovated basement, adding functional space to the 652 sqft main floor. The property sits on a roughly 4,750 sqft lot with a detached garage. Its most defining characteristic is its size; the living area is notably smaller than most homes on its street, in Jefferson, and across Winnipeg. This is reflected in its assessed value, which is below average for the city. The home last sold in July 2022.
Section 1: Key Characteristics & Appeal
This home’s primary appeal lies in its efficiency and affordability within the Winnipeg market. Its compact size means lower utility costs and minimal upkeep, suiting a first-time buyer, downsizer, or investor looking for a straightforward, entry-level property. The renovated basement is a significant asset, effectively doubling the usable living space and offering flexibility for a family room, home office, or additional storage.
The lot size is on par with area averages, providing decent outdoor space for its scale. Its value proposition is clear: it offers ownership in a established neighbourhood at a lower price point, with the major work of a basement renovation already completed. It would suit a pragmatic buyer who prioritizes financial accessibility and low maintenance over square footage, or an investor seeking a rental property with modernized fundamentals.
A less obvious perspective is its potential in a market increasingly attentive to efficient living. For the right owner, the smaller footprint is not a drawback but a feature, promoting a simpler lifestyle without the burden of heating, cleaning, and maintaining rarely used rooms.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 652 sqft above grade, it is significantly smaller than the average Winnipeg home. However, the renovated basement provides substantial additional finished space, making the total functional area more comparable to many bungalows.
2. Why is the assessed value so much lower than the citywide average?
The assessed value is primarily based on the home's relatively small living area, age, and market comparisons. It aligns more closely with averages in the immediate Jefferson area, reflecting its position as an affordable, compact property.
3. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand the quality and scope of the work.
4. How does the 2022 sale price relate to today's value?
The home sold for an estimated $17.5k-$20.5k in July 2022. Current value would be influenced by market changes, any further updates, and the precise details of that prior sale, which the site offers to provide via email.
5. What is the neighbourhood like?
Located in Jefferson, it is an older, established area of Winnipeg. The property's metrics (lot size, year built) are typical for the street and neighbourhood, suggesting a consistent, mature community character.