536 Smithfield Avenue

Property Overview: 536 Smithfield Avenue, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home on a standard-sized lot in Jefferson presents a compelling mix of character and modern updates. Built in 1951, it is notably newer than many homes on its street. The living space, at 772 sqft, is cozy and efficient, placing it below the average size for the area, which suggests a manageable layout for streamlined living. A key feature is the renovated basement, adding valuable finished space. The home boasts a detached garage and does not have a pool.

Its primary appeal lies in its strong assessed value of $310k, which ranks well above average for both the immediate street and the Jefferson neighbourhood. This indicates that the property is perceived to have substantial value relative to its peers, likely due to its updates and desirable lot. The recent sale history suggests a stable and appreciating market position.

This property would ideally suit first-time homebuyers or downsizers seeking a character home with modern touches in an established neighbourhood, without the maintenance of a larger footprint. It’s also a smart option for value-focused buyers who appreciate a home with above-average assessed value for its locale, viewing it as a solid investment in a mature community.

Frequently Asked Questions

1. How does the home’s size compare to others nearby?
At 772 sqft of living area, this home is smaller than the average house in Jefferson (approx. 1,029 sqft). This points to a more efficient, manageable layout, which can mean lower utility costs and less upkeep.

2. The assessed value seems high for a smaller home. Why is that?
The assessed value of $310k ranks in the top 26% for Jefferson. This premium likely reflects the renovated basement, the desirable lot, and the fact the home is newer than many on the block. It signals strong intrinsic value as determined by municipal assessment.

3. What does the sold price history tell us?
Public data shows a sale in late 2021 in the $275k-$305k range. Given the current assessed value, this history indicates a trend of stable or appreciating value in recent years.

4. Is the lot size typical for the area?
Yes. The lot of 5,337 sqft is very close to the average for both Smithfield Avenue and the Jefferson neighbourhood, offering standard outdoor space for the area.

5. You mention a “renovated basement.” What does that include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand the full scope of livable space and the quality of the updates.