Property Overview: 480 Matheson Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1943, presents a practical opportunity in Winnipeg's Jefferson neighbourhood. Its primary appeal lies in a combination of generous land and a solid, established foundation. The 6,258 sqft lot is a standout feature, ranking in the top 5% of the Jefferson area, offering ample outdoor space that is increasingly rare. With 1,204 sqft of living space, the home provides comfortable room for a small family or a couple.
The appeal here is grounded in value and potential. The home’s assessed value sits above average for both its street and neighbourhood, suggesting a well-regarded location. While the basement exists, it is noted as not being renovated, indicating the property is a candidate for customization. The detached garage adds functional utility. This property would suit a hands-on buyer looking for a home with character on a large lot, who is comfortable with a property that may require updates over time. It’s also a sensible option for those prioritizing land size and location within a established community over a move-in-ready, modern interior.
Frequently Asked Questions
1. What is the true condition of the basement?
The listing specifically states the basement is "not renovated." Prospective buyers should budget for potential updates, moisture-proofing, or finishing to suit their needs.
2. How does the large lot size impact responsibilities and potential?
A lot in the top 5% for the area means more space for gardens, play, or additions, but also entails greater maintenance like lawn care, snow removal, and potential landscaping costs.
3. Are the recent sold prices comparable?
The listed sold price ranges from 2024 and 2021 are close to the current assessed value, suggesting market stability. However, exact prices require a direct request to the listing service, as they are provided manually.
4. What are the implications of the "one-and-a-half storey" design?
This classic style often features smaller, cozier rooms on the second floor, typically with sloped ceilings. It offers charm but may have different spatial dynamics than a full two-storey home.
5. How does the home’s age (1943) factor into ownership?
While the structure is sound, a home of this age likely has original components, such as windows, plumbing, or electrical systems, that may need evaluation and eventual modernization for efficiency and safety.