Property Overview: 517 Smithfield Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on Smithfield Avenue in the Jefferson neighbourhood presents a compelling blend of space, value, and established community. Its primary appeal lies in its generous living area of 1,695 sqft, which ranks within the top 5% of homes on its street and the top 3% within Jefferson itself. This offers significantly more interior space than typical area comparables. The home sits on a standard city lot and features a renovated basement and a detached garage.
The property suits buyers looking for a spacious, well-situated home without a premium city-wide price tag. Its assessed value is above average for its immediate area but sits around the median for Winnipeg overall, suggesting a strong value proposition within a desirable local context. The 1950 build date indicates a mature, character home in an established neighbourhood. This home is ideal for growing families, space-seeking downsizers, or value-oriented buyers who prioritize more square footage over a newer build or extensive lot size.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
Based on public data, the home sold in July 2024 for between $375,000 and $405,000. This is significantly higher than its $335,000 assessed value, which is common in active markets and reflects what buyers were recently willing to pay.
2. Is the living space configuration typical for a 1.5-storey design?
While the total living area is large for the area, the 1.5-storey style often means bedrooms and bathrooms are located on a second, potentially sloped-ceiling floor. Buyers should verify the room layout to ensure it meets their needs.
3. What does the "renovated basement" include?
The listing notes a renovated basement but does not specify the scope, finish quality, or if it includes legal secondary suite potential. This is a key detail to clarify, as it impacts livable space and utility.
4. How does the property rank for its year built?
Built in 1950, it is newer than many homes on Smithfield Avenue (top 15%) and average for Jefferson. City-wide, it's older than about 72% of homes. This suggests a well-established neighbourhood where this home is not among the oldest.
5. What are the implications of a detached garage?
A detached garage offers flexibility for workshops or storage separate from the house but requires going outdoors to access your vehicle—a consideration during Winnipeg winters. Its condition and size should be verified.