Property Overview: 512 Rupertsland Avenue, Winnipeg
Key Characteristics & Buyer Profile
This is a compact, one-storey home built in 1951, offering 904 square feet of living space on a generous 5,339 square foot lot in the Jefferson area. Its key appeal lies in its position as an accessible entry point into the Winnipeg market, underscored by a very low municipal assessed value. The home presents a straightforward, no-frills package: it has a basement (unrenovated) and no garage, emphasizing its potential as a blank canvas.
The property would suit first-time buyers, investors, or handy individuals looking for a footprint in the city without a high upfront cost. Its lot size is notably above average for Jefferson, offering valuable outdoor space or future expansion potential relative to the neighbourhood. A thoughtful perspective is that while the living space is modest, the home is newer than most on its street, potentially meaning fewer major age-related issues than immediate neighbours. The primary draw is the land and location for the price, making it a project for someone who values lot size and location over move-in-ready finishes.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
Municipal assessments are based on a mass appraisal system and reflect factors like the home's size, condition, and recent sales in the area. This lower assessment primarily indicates the home’s modest size and likely basic condition compared to the broader Winnipeg market.
2. What does the "Top 95%" ranking for assessed value on the street mean?
This statistic means the home’s assessed value is in the bottom 5% on Rupertsland Avenue. Essentially, it is one of the lowest-assessed properties on the street, which can signal a lower property tax burden but also suggests it is less updated or smaller than its immediate neighbours.
3. Is the basement finished?
No, the listing specifies the basement exists but is "not renovated." Buyers should budget for any desired improvements and consider a thorough inspection for moisture or foundation issues common in older Winnipeg homes.
4. How does the lot size compare?
At over 5,300 sq ft, the lot is above average for the Jefferson area. This is a key feature, providing more private outdoor space than many nearby properties and offering potential for additions, a garden, or storage sheds.
5. Where can I find the exact historical sale price?
The exact sold price is not publicly displayed. The listing service offers to provide it manually via email upon request, stating they aim to reply by the end of the same day without using the contact for unsolicited marketing.