Property Overview: 533 Jefferson Avenue, Winnipeg
Key Characteristics & Appeal
This is a modest, single-storey home built in 1951, offering a practical and straightforward living opportunity. Its primary appeal lies in its generous, above-average lot size of nearly 6,000 sq ft, providing significant outdoor space that is a notable asset within its immediate neighborhood. The home itself, at 928 sq ft, is compact and typical for the area, featuring a renovated basement and a detached garage. Recent sales history indicates stable value.
Its charm is grounded in simplicity and potential. The renovated basement adds functional living space, while the large lot presents opportunities for gardening, expansion, or simply enjoying more private outdoor room than many nearby properties offer. It suits first-time buyers seeking an affordable entry into the market, practical-minded individuals who value space over sheer square footage, or investors looking for a stable, manageable rental property. It’s a home for those who see the value in a solid foundation and land, rather than high-end finishes.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is consistently around the average for Jefferson Avenue and the wider Jefferson area, indicating it is priced in line with local norms. Notably, its lot size ranks well above average for the neighborhood, which is a key value point.
2. Is the house particularly small?
At 928 sq ft of living area, it is slightly below the city-wide average but is very typical for homes on its street and in the Jefferson area. The renovated basement effectively adds to the usable space.
3. What is the significance of the large lot?
The lot is a standout feature, ranking in the top 17% on Jefferson Avenue for size. This means more yard space, greater distance from neighbors, and future potential not found in many comparable homes.
4. What can recent sales history tell me?
The property sold in 2020 and again in 2022. The increase in sale price range between those dates aligns with broader market trends of the time, suggesting steady, unexceptional market performance.
5. Who might this property not suit?
It may not suit buyers seeking a modern, move-in-ready home with ample above-grade square footage or those wanting a brand-new build. Its appeal is to practicality, land value, and the potential to personalize over time.