Property Overview: 467 Matheson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the Jefferson neighbourhood presents a practical opportunity centered on its land and location. Built in 1946, the 894 sqft living space is compact, ranking below average in size for the area, but it features a renovated basement, adding functional space. The standout characteristic is the 6,254 sqft lot, which is notably larger than most in Jefferson and on Matheson Avenue itself, offering above-average outdoor space and potential.
Its appeal lies in this land-to-structure ratio. For the price point, you are acquiring a significant parcel in a mature neighbourhood. The detached garage adds utility, and the home’s assessed value is consistent with area averages, suggesting a stable, no-surprises investment. It would suit a first-time buyer or practical downsizer comfortable with a smaller main-floor footprint who values private outdoor room for gardening, pets, or future expansion more than interior square footage. It’s also a candidate for a long-term holder who sees value in the underlying land asset.
Section 2: Frequently Asked Questions
1. Is the house in need of major updates?
While the basement is noted as renovated, the main floor of the 1946 home may require modernization depending on personal taste and previous owner updates. A thorough inspection is advised to prioritize any necessary improvements.
2. How does the lot size compare to nearby properties?
The lot is a key feature. At over 6,250 sqft, it is larger than approximately 81% of lots on Matheson Avenue and 94% within the Jefferson neighbourhood, offering a rare amount of space for the area.
3. What is the neighbourhood like?
Jefferson is a mature, established neighbourhood in Winnipeg. The property’s metrics show it is very typical for the area in terms of assessed value and age, indicating a stable, residential community.
4. Are there any known issues with the property?
The public data does not specify. Prospective buyers should always review any available property disclosure statements, commission standard inspections, and verify the condition of major systems, especially given the home’s age.
5. Why is the sold price history presented as a range?
To protect precise transaction details, public records sometimes obscure exact figures. The listed range provides a reliable benchmark, and the exact sold price can be requested directly from the listing source for verified accuracy.