Property Overview: 526 Hartford Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home on Hartford Avenue in the Jefferson neighborhood presents a practical opportunity in Winnipeg's market. Its key characteristics include a renovated basement, a detached garage, and a notably larger-than-average lot size of approximately 5,874 sqft, which stands in the top 15% for the street. With 1,066 sqft of living space and an assessed value of $31,100, it sits around the average for its immediate area but shows above-average rankings for land size and year built within Jefferson.
The primary appeal lies in its solid foundation and space. The renovated basement adds immediate functional living area, while the generous lot offers valuable outdoor space and potential for gardening, expansion, or simply more privacy than typical area properties. Its assessed value being above average for Jefferson suggests it is viewed favorably relative to neighborhood norms.
This property would suit first-time buyers or downsizers looking for a manageable, single-level layout in an established neighborhood. It’s also a sensible fit for a value-conscious buyer who prioritizes land size and sees potential in the existing structure, rather than someone seeking a modern, turn-key home or the largest square footage.
Frequently Asked Questions
1. How does the property’s value compare to recent sales?
Based on available data, a home on this street with similar metrics sold in July 2017 for an estimated $23.5K-$26.5K. The current assessed value of $31.1K is higher, reflecting market changes and this property's specific attributes like the renovated basement and larger lot.
2. What does the "above average" land area ranking mean practically?
With a lot size in the top 15% for Hartford Avenue, you have significantly more yard space than many neighbors. This allows for larger gardens, more parking, or future projects like a shed or deck, offering a rarity in older neighborhoods: room to breathe and expand.
3. Is the renovated basement a finished living space?
The listing confirms the basement is renovated, but the specific finish level, legal status, and room types (e.g., bedroom, recreation room) are not detailed. This is a key point to verify with the seller or a viewing.
4. What are the implications of the home’s age (built in 1956)?
While the building is nearly 70 years old, its year-built ranking is above average for Jefferson, meaning it’s relatively newer than many homes in the area. Buyers should still budget for expected maintenance and updates common to houses of this era, such as aging plumbing, electrical, or windows, despite the basement renovation.
5. How does the detached garage impact utility?
A detached garage provides secure storage and parking but means accessing your vehicle in winter involves going outside. It can also free up yard space compared to an attached structure and offers flexibility for use as a workshop.