Property Overview: 498 Hartford Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, single-storey home built in 1955, situated on a notably generous lot in the Jefferson neighbourhood. With 942 sqft of living space, it is a comfortably sized home for its local area, though below the city-wide average. Its key updated feature is a renovated basement, adding functional space, and it includes a detached garage. The property’s standout attribute is its land: at 5,783 sqft, the lot size is well above average for both Hartford Avenue and the broader Jefferson area, offering significant outdoor space and potential.
The appeal lies in its balance of a modest, manageable home on a substantial parcel of land. It suits first-time buyers or downsizers looking for a lower-maintenance, one-storey layout without sacrificing yard space for gardening, children, or pets. The renovated basement adds valuable flexibility for a home office, guest space, or storage. For an investor or renovator, the large lot presents a clear long-term opportunity, whether for expansion, landscaping, or future redevelopment, making it a property where the land itself is a primary asset.
Frequently Asked Questions
1. How does the assessed value relate to likely market price?
The assessed value is a municipal figure for tax purposes and is typically lower than market value. The most recent sold price range (early 2024) provides a more current benchmark for the home’s market worth.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the finish quality, permits, moisture control, and the specific use of the space (e.g., rec room, suite, storage).
3. Is the large lot a benefit for future expansion?
Potentially, yes. The lot size is a key feature of this property. However, any significant expansion or new structure would be subject to local zoning bylaws, setback requirements, and permitting. Its size does create more options than a standard lot.
4. How does this home compare to others in the area?
The data shows this home is very typical for its immediate street and neighbourhood in terms of size, age, and value. Its main differentiator is the larger-than-average lot size within Jefferson.
5. Where can I find the exact historical sold prices?
The exact sold prices are not publicly displayed in detail. The listing service offers to provide this precise history manually via email upon request, at no cost and without marketing spam.