Property Overview: 493 Enniskillen Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on a mature, nearly 5,000 sqft lot presents a practical and solid opportunity in the Jefferson area. Its key appeal lies in its above-average living space (1,280 sqft) for both the immediate street and the neighbourhood, offering more room than many comparable local homes. A recently renovated basement adds functional, modernized space. The home is notably newer than most on its street (built 1952), which can suggest updated core systems or construction methods for its era.
Its value proposition is grounded. While the assessed value is average for Jefferson, it sits below the city-wide average, potentially indicating a more accessible entry point into the Winnipeg market. This isn’t a luxury property, but a well-sized, established home with a detached garage on a good-sized lot. It would suit a first-time buyer or a practical downsizer looking for character and space without a premium price tag, particularly someone who values a quiet, established street over a brand-new build. The data suggests you’re paying primarily for the generous interior space and lot, not for an elite postal code.
Frequently Asked Questions
1. What does the sold price history indicate?
The home sold in late 2017 for an estimated $21.5k - $24.5k. This historical price, significantly lower than current assessed values city-wide, highlights the substantial market-wide appreciation over the past several years and provides context for the home’s current valuation trajectory.
2. How does the assessed value compare?
At $28,400, the assessment is very typical for the Jefferson area but falls within the bottom 75% city-wide. This suggests the property is priced for its specific neighbourhood rather than riding broader city highs, which could be seen as a mark of stable, community-based value.
3. Is the living space size a significant advantage?
Yes. Ranking in the top 22% on its street and top 16% in Jefferson for living area, this home offers more interior space than most direct peers. This is a less obvious but meaningful advantage, providing more room for living, storage, or layout flexibility than is common in the area.
4. What should I know about the “renovated basement”?
While noted as renovated, the specifics (when, to what standard, permits) are not detailed here. This is a key area for follow-up inspection and inquiry to understand the quality of the finish, moisture control, and whether it adds legal living space or primarily functional storage/utility space.
5. Why is the year built (1952) considered a positive on this street?
In an older neighbourhood, a later build date can be advantageous. Being newer than 94% of homes on Enniskillen Avenue may imply features like updated wiring, plumbing, or insulation compared to its immediate neighbours, potentially reducing immediate repair costs common in pre-war homes.