Property Overview: 458 Matheson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2017, stands out as a distinctly modern property in its established Jefferson neighbourhood. Its key appeal lies in its contemporary construction, requiring less immediate maintenance than older homes, and its recently renovated basement, which adds functional living space. With 1,201 sqft of living area, it offers a comfortable size that is above average for Jefferson.
The property presents an interesting value profile. Its assessed value ranks in the top 5% of the neighbourhood, suggesting it is viewed as a premium home locally. However, it sits on a smaller lot (3,127 sqft), which is below average for the area and city. This combination indicates you are primarily investing in the quality and newness of the structure itself rather than extensive outdoor space.
This home would suit buyers looking for a move-in ready, modern build in a mature community, who prioritize low-maintenance living and interior updates over a large yard. It’s also a strong fit for those who value the potential for a finished lower level, as the basement renovation is already complete.
Section 2: Frequently Asked Questions
1. How does the smaller lot size impact the property?
While the yard is more compact than many in Winnipeg, it translates to less landscaping upkeep. The trade-off is a newer, high-spec home on a manageable plot, which can be ideal for busy professionals or those not seeking extensive gardening.
2. The assessed value seems high for the neighbourhood. Why?
The assessment reflects the home’s relative newness (2017) and recent renovations compared to the many older homes in Jefferson. It’s assessed among the elite 5% locally, indicating it is considered a top-tier property within the area's market, likely due to its modern features and condition.
3. What does the recent sale history indicate?
The home sold in July 2024. This recent transaction provides a clear, current benchmark for its market value, which can offer more guidance than older comparable sales in an evolving market.
4. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its permitted use with the city if considering rental income, as regulations for suites have specific requirements.
5. How does this home compare to others on Matheson Avenue?
It’s a standout on its own street for its age (top 2%) and assessed value (top 9%). Most neighbours' homes are much older (average year built is 1939), making this one of the newest properties on the block.