Property Overview: 448 Matheson Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on Matheson Avenue in the Jefferson neighbourhood presents a practical and grounded opportunity. Its key appeal lies in its balance of a generous, above-average lot size and a recently renovated basement, set within a mature community. With 1,060 sqft of living space, the home sits around the average for its immediate area, offering a manageable footprint.
The standout feature is the land: at over 6,250 sqft, the lot size ranks in the top 20% on its own street and the top 6% within the wider Jefferson area. This provides valuable outdoor space and potential not found in many newer developments. Built in 1951, it is a newer construction compared to many homes on the block, which may suggest fewer concerns associated with very early-century builds. The renovated basement adds functional living space.
This property would suit first-time buyers or practical downsizers looking for a home with room to breathe in a settled neighbourhood, without the premium price tag of a fully modernized showhome. It’s a home for those who value space and see potential in a solid foundation, rather than seeking a turn-key, high-end finish. Its assessed value positions it as an accessible entry point into the market.
Frequently Asked Questions
1. How does the lot size compare to a typical city lot?
The lot of 6,252 sqft is notably larger than the Winnipeg city-wide average for comparable homes (approx. 6,570 sqft) and significantly larger than the Jefferson neighbourhood average (approx. 4,742 sqft), offering ample yard space.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the quality of finishes, permits, and the nature of the renovation (e.g., cosmetic updates versus structural/mechanical improvements).
3. Is the assessed value a reliable indicator of the selling price?
The assessed value is for municipal tax purposes and is often different from market value. The home last sold in 2022 for an estimated $235k-$265k, which provides a more recent market benchmark.
4. What are the implications of having no garage?
The property has no garage. Buyers should consider the cost and feasibility of adding a parking structure or rely on street parking, factoring this into their budget and lifestyle needs.
5. How does the age of the home (1951) affect maintenance?
While newer than many homes on its street, a 75-year-old home will still require diligent upkeep. Prospective buyers should prioritize a thorough inspection of major aging components like the roof, foundation, plumbing, and electrical systems.