Property Overview: 537 Jefferson Avenue
Key Characteristics & Appeal
This is a modest, one-storey home built in 1952, presenting a straightforward opportunity in Winnipeg's Jefferson area. Its primary appeal lies in its balance of a recently renovated basement and a notably generous lot. At just under 940 square feet, the living space is compact and typical for the immediate area, but the nearly 5,900 square foot land parcel is well above average for the neighbourhood, offering valuable outdoor space or future expansion potential.
The home suits practical, value-oriented buyers. It's ideal for a first-time homeowner comfortable with a smaller interior footprint who prioritizes yard space, or for an investor seeking a rental property with a modernized basement suite. The detached garage adds functional utility. The assessed value and recent sale price point to an accessible entry point into the market. A thoughtful perspective is that this property represents land value and functional space over grandeur; its worth is anchored more in its lot size and renovation than in its original structure.
Frequently Asked Questions
1. How does the living space compare to other homes?
At 939 sq ft, the living area is very typical for the Jefferson area and this specific street, ranking around the average. It is, however, more compact than the Winnipeg city-wide average for homes.
2. What is the significance of the lot size?
The 5,884 sq ft lot is a standout feature. It ranks in the top 17% on Jefferson Avenue and top 13% in the wider Jefferson area, meaning it offers significantly more outdoor space than most comparable properties nearby.
3. What does the assessed value indicate?
The $29,500 assessment is around the average for the street and neighbourhood. This suggests the property is viewed by assessors as typical for its immediate context, not as an outlier in terms of valuation.
4. Has it sold recently?
Yes, it sold in May 2020. The exact sale price is not publicly listed, but data indicates a range between $24,500 and $27,500 at that time.
5. What are the basics of the home's structure?
It is a one-storey (bungalow) style home built in 1952, featuring a renovated basement and a detached garage. There is no pool.