Property Overview: 503 Hartford Avenue, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a solid, one-storey home in Winnipeg's Jefferson neighbourhood, built in 1955. With 1,116 sqft of living space and a 5,007 sqft lot, its metrics are consistently "around average" for its immediate street and wider area, indicating a stable, established setting. A key feature is its renovated basement, adding valuable finished space. The home includes a detached garage.
Its appeal lies in its unpretentious, move-in-ready foundation. The renovated basement suggests major lower-level work is already done, offering immediate utility or rental potential. While not standing out in any single category, its consistency is a strength—it's a home that performs reliably across all measured metrics (size, value, lot) within its community, suggesting less risk of overpaying for fleeting trends. It would suit first-time buyers seeking a manageable footprint, practical investors attracted by the basement's income potential, or downsizers looking for a single-level layout in a neighbourhood of similar, well-kept homes.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is above average for the broader Jefferson area but around average for Hartford Avenue itself. This suggests it’s a well-regarded property on a street of similar, well-maintained homes.
2. What is the significance of the renovated basement?
Beyond extra living space, a professionally renovated basement in a 1955 home often indicates updated foundational elements like insulation, moisture control, and wiring—addressing common concerns in older properties.
3. What are the implications of a detached garage?
It offers flexibility for a workshop or storage separate from the house but requires considering winter weather exposure when moving between your vehicle and home.
4. The home last sold in 2016. What does that indicate?
An eight-year ownership period suggests the sellers were settled, which can point to a stable, well-cared-for property and a neighbourhood where residents tend to stay.
5. The lot size is noted as "around average." Is that a positive?
In established neighbourhoods, an average lot size relative to the area often means a good balance of yard space for privacy and recreation without the high maintenance or property tax burden of an exceptionally large parcel.