Property Overview: 496 Smithfield Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1949, featuring a renovated basement and a detached garage. With 792 sqft of living space, it is notably smaller than the Winnipeg average, offering a low-maintenance footprint. The lot is a standard city size at just over 5,300 sqft. Its assessed value is significantly below the citywide average, reflecting its scale and neighbourhood.
The appeal lies in its practicality and position as an affordable entry point into the market. It suits first-time buyers, downsizers, or investors seeking a straightforward, renovate-ready property without the burden of a large mortgage or excessive upkeep. A thoughtful perspective is its relative modernity for the area—built in 1949, it is newer than many immediate neighbours, potentially meaning fewer concerns with outdated building practices common in earlier eras. While compact, the renovated basement adds functional space, and the detached garage provides valuable storage or workshop potential not always found in this price segment.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 792 sqft, the living area is smaller than the average home in the Jefferson area (approx. 1,029 sqft) and significantly smaller than the Winnipeg average. On its own street, however, it ranks in the top 63% for size, meaning there are many smaller homes nearby, so it fits the local character.
2. What does the assessed value indicate?
The assessed value of $29,400 is around average for the Jefferson neighbourhood and on Smithfield Avenue itself, but it is well below the citywide average. This typically suggests a more affordable purchase price and correspondingly lower property taxes compared to many parts of Winnipeg.
3. Has the property sold recently?
Yes, it sold in October 2019 for a price range estimated between $17.5k and $20.5k. The exact sale price can be requested directly from the site.
4. What are the less obvious considerations for a home of this age?
While built in 1949, key systems like wiring, plumbing, and the roof may be original or have undergone partial updates. A thorough inspection is crucial. The renovated basement is a plus, but it’s important to verify the quality of the work and whether proper permits were obtained.
5. Who might this property not suit?
It may not suit buyers needing multiple bedrooms, ample living space, or modern open-concept layouts. The smaller square footage requires efficient use of space. Those prioritizing strong value appreciation might also note that its assessed value ranks below average citywide.