Property Overview: 487 Matheson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 487 Matheson Avenue presents a compelling mix of modern convenience and practical living. Its standout feature is its age—built in 2019, it is a notably newer construction compared to most homes in the Jefferson area and across Winnipeg. This translates to modern building standards, likely greater energy efficiency, and minimal immediate repair needs. With 954 sqft of living space and an unrenovated basement, it offers functional room to grow.
The appeal here is grounded in value and simplicity. The assessed value is strong for the Jefferson neighbourhood, suggesting a good perception of worth relative to nearby properties. However, the lot size is compact, even by city standards, which means lower maintenance but less private outdoor space. This home would suit first-time buyers or downsizers seeking a modern, low-maintenance property without the premium price tag of a brand-new build. It’s a practical choice for someone who prioritizes a newer interior over a large yard.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value of $310k ranks above average for the Jefferson neighbourhood, indicating it holds perceived value well against local comparables. City-wide, however, it sits around the average mark.
2. What are the implications of the smaller lot size?
At 2,881 sqft, the lot is compact. This typically means less yard work and lower exterior maintenance costs, but it also offers less privacy and limited space for expansions like decks, sheds, or gardens.
3. What does “basement, not renovated” mean?
The home includes a basement, but it is in original, unfinished condition from the 2019 build. This presents a blank canvas for future development, adding potential value, but will require an investment to finish.
4. Is this a good investment compared to older homes on the street?
The data shows that while the living area is below average for Matheson Avenue, the home is one of the newest on the block. This modern foundation could mean fewer unexpected repair costs than with an older home, a trade-off for the smaller footprint.
5. How current is the price history provided?
The sold price history shown is an estimated range based on public data. For the exact sale price, you must request it directly via the provided email service, which manually retrieves and verifies the accurate figure.