Property Overview: 504 Matheson Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1943, situated on a standard-sized lot in the Jefferson neighbourhood. Its primary appeal lies in its position as a modest, entry-level property with a recently renovated basement, offering functional living space at a scale that is manageable and affordable. The home’s living area (759 sq ft) is notably below average for the city, which translates to lower utility costs and less maintenance—a practical advantage for the right buyer.
The data reveals a thoughtful perspective: while the house itself is smaller than most, its assessed value is around average for its immediate street and neighbourhood. This suggests you are paying more for the location and land than for the structure's size, which is a common trade-off in established areas. The renovated basement adds valuable flexible space, compensating for the main floor's modest footprint. This property would suit first-time buyers, downsizers, or pragmatic investors looking for a straightforward, low-maintenance home in a central Winnipeg neighbourhood without the premium of a larger, modern build.
Frequently Asked Questions
1. Is the house too small?
At 759 sq ft, the living area is significantly smaller than the Winnipeg average. However, the renovated basement provides additional usable space. It’s best suited for individuals, couples, or those who prioritize efficient living over ample square footage.
2. What does the assessed value tell me?
The assessed value (~$29.7k) is around average for Matheson Avenue and Jefferson. This indicates the property is priced in line with its immediate location, though its value is below the citywide average, reflecting its smaller size and older age.
3. How does the year built (1943) affect the home?
Built 83 years ago, it is older than most homes in Winnipeg. Buyers should budget for potential updates to older mechanical systems (like plumbing or wiring) and ensure a thorough inspection, though the basement renovation is a positive modern update.
4. What are the comparable nearby properties like?
Listed comparables on the same street, like 563 and 575 Matheson Avenue, are similar in size and value. This consistency suggests the asking price is likely aligned with the local market for homes of this type and vintage.
5. How can I get the exact historical sold price?
The exact sold price from its last transaction (April 2016) is not publicly displayed in detail here. You can request the precise figure by emailing the provided service, which manually supplies the data without using your email for marketing.