Property Overview: 538 Enniskillen Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated two-storey home in the Jefferson neighbourhood offers a practical and established living environment. Built in 1951, it features 1,230 sqft of living space, a renovated basement, a detached garage, and a standard city lot of just over 5,150 sqft. Its core appeal lies in its strong positional value within its immediate area. While the home’s size and age are generally average in a city-wide context, it stands out locally with an assessed value in the top 4% on its street and the top 8% in Jefferson, suggesting it is viewed as a premium property within a desirable, consistent community. Recent sale history indicates steady value appreciation.
This property would suit buyers looking for a solid, no-surprises home in a mature neighbourhood. It’s ideal for someone who values community stability over brand-new construction and appreciates a home that has already seen significant updates, like the basement renovation. It represents a sensible choice for a first-time buyer ready for a move-in-ready house or a downsizer seeking a manageable property without leaving a well-regarded area.
Section 2: Frequently Asked Questions
1. What does the high assessed value relative to the street and neighbourhood actually mean?
It primarily indicates that the municipal assessment for this specific property is notably higher than for many comparable homes nearby. This often reflects desirable updates (like the renovated basement) and overall condition, but it’s important to review the detailed assessment and consider current market conditions for an accurate picture.
2. Is the renovated basement a legal suite?
The listing specifies a "renovated basement" but does not state it is a legal secondary suite. Buyers should verify its configuration, permits, and compliance with local zoning if considering rental income potential.
3. How does the 2023 sale price relate to the current assessed value?
The home sold in mid-2023 for an estimated $37.5k-$40.5k. Its current assessed value is $34.70k. This difference is normal, as assessed values for taxation purposes often lag behind actual market sale prices and are calculated using a different methodology.
4. What are the implications of the home’s age (75 years)?
A home from this era typically offers sturdy construction and classic layouts. Prospective buyers should prioritize a thorough inspection focusing on age-related systems, such as plumbing, electrical, and the roof, to understand any upcoming maintenance or updates required.
5. The lot is average in size for the area. What are the outdoor possibilities?
At approximately 5,154 sqft, the lot provides standard backyard space for a city home. It’s ample for a garden, patio, and play area, but may not accommodate extensive additions without checking setback regulations. The mature neighbourhood likely offers established trees and a settled streetscape.