Property Overview: 469 Smithfield Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home on Smithfield Avenue in the Jefferson neighbourhood presents a practical and value-conscious opportunity. Built in 1950, it is notably newer than many homes on its street, offering a potential advantage in terms of foundational wear and updates. The 1,162 sqft living area is comfortably above average for both the immediate street and the Jefferson area, providing ample space for a small family or couple.
A key feature is the renovated basement, which adds functional living space and modern convenience. The property sits on a 5,367 sqft lot, which is generously sized for the area, presenting opportunities for gardening, outdoor living, or future expansion. With a detached garage and no pool, it aligns with a low-maintenance, utilitarian lifestyle.
Its appeal lies in its strong positional value within its immediate community. While its assessed value of $290k is around average for Jefferson, it ranks below average citywide, suggesting you get more home for your money in this established neighbourhood. This property would suit first-time buyers, practical downsizers, or investors looking for a solid, no-frills home with updated essentials and a decent lot size in a mature area. It’s for someone who values neighbourhood character and space over a brand-new build or premium citywide location.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value is around the average for both Smithfield Avenue and the wider Jefferson neighbourhood. However, compared to the entire city, it sits below average, indicating it may offer more square footage and lot size for the price within this specific community.
2. What does the “renovated basement” typically mean for a home of this age?
While specifics require a viewing, in a 1950s home this often indicates updated essentials like flooring, drywall, and lighting. It’s wise to inquire about the quality of the renovation, any moisture-proofing measures taken, and whether permits were obtained for the work.
3. Is the lot size a significant advantage?
Yes. The lot is larger than about 75% of properties on Smithfield Avenue and in Jefferson. This provides more private outdoor space than is typical and could be a long-term asset for enjoyment or property value.
4. The home sold in late 2016. What can that history tell me?
The sale price from 2016 provides a historical benchmark, but market conditions have changed significantly. The key takeaway is the length of the previous ownership (roughly 8-9 years), which can sometimes indicate a well-maintained property and a motivated seller.
5. Who would this property NOT be ideal for?
It may not suit buyers seeking a modern, open-concept layout without renovation work, or those who prioritize a home with above-average citywide prestige. The absence of an attached garage and the home’s average condition relative to the city may also not align with buyers looking for premium amenities.