479 Hartford Avenue

Property Overview: 479 Hartford Avenue, Winnipeg

Key Characteristics & Appeal

This one-storey home on a quiet street in Jefferson presents a practical, no-fuss opportunity. Built in 1955, its 1,080 sqft living area and 5,010 sqft lot are consistently average or above-average for its immediate neighbourhood and street. This suggests a home that fits comfortably within its established community context, neither the largest nor the smallest. A key feature is the renovated basement, adding valuable finished space. The detached garage offers flexible storage or workshop potential.

The appeal lies in its straightforward, grounded profile. For its area, it ranks well for its year built, indicating it may be among the more recently built homes in Jefferson. The assessed value is modest, especially compared to the city-wide average, which could point to a manageable property tax burden. It suits first-time buyers seeking an entry point into the market, practical-minded individuals who value function over flash, or investors looking for a stable rental property in a neighbourhood of similar, consistent homes. It’s a property for those who see a renovated basement and a decent-sized lot as solid foundations rather than seeking luxury finishes or a sprawling footprint.

Frequently Asked Questions

1. What does the ranking data actually tell me about this property?
It shows the home is very typical for Hartford Avenue and the Jefferson area in terms of size, lot, and value. It’s not an outlier, which can mean predictable maintenance costs and stable resale value, but it also isn’t a standout in its immediate peer group.

2. The assessed value seems low. What does that mean?
The assessed value is for municipal tax purposes and is not market value. Its low figure relative to the city-wide average is common for mature neighbourhoods and typically results in lower property taxes, which is a practical financial advantage.

3. The home sold in late 2019. What can that price tell me?
The sold price range from 2019 provides a historical benchmark, but it’s essential to recognize the market has changed significantly since then. It’s most useful for understanding the price progression relative to the assessed value at that time, not for determining today’s value.

4. What are the pros and cons of a detached garage?
Pros include reduced noise and fire risk from the main house, and flexibility for use as a workshop. The main con is convenience; you’ll have to go outside to access your vehicle or storage, which can be a drawback in Winnipeg winters.

5. The nearby similar property is newly built (473 Hartford Ave). How does that affect this home?
A new construction nearby can be a double-edged sword. It may signal a desirable, evolving street, potentially lifting overall values. However, it also creates a direct contrast, possibly making an older home’ dated’ systems or layout more apparent to buyers comparing options side-by-side.