Property Overview: 544 Matheson Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home on a standard city lot in the Jefferson neighbourhood. Built in 1958, it is notably newer than many homes in the immediate area. Its key characteristics include 750 sqft of living space, an unrenovated basement, and a detached garage. The assessed value is significantly below the citywide average.
The primary appeal lies in its value proposition and low-maintenance footprint. It represents a straightforward entry point into the Winnipeg housing market, suited for first-time buyers, investors, or those seeking to downsize without a large yard to manage. A thoughtful perspective is its relative modernity compared to its neighbours; while the home is 68 years old, it is often compared against houses built 20-40 years earlier on the same street, which can mean potentially fewer age-related issues. Its smaller size and lot translate to lower utility costs and less upkeep, offering a practical, no-frills living arrangement.
Frequently Asked Questions
1. Is the price reflective of the condition?
Based on the assessed value and recent sold price range, the listing is positioned at a lower price point. This typically correlates with a home requiring modernization or updates, as the basement is noted as unrenovated.
2. How does the smaller living area compare to the neighbourhood?
At 750 sqft, the living space is below average for Jefferson, the street, and the city. This confirms the home as a compact option, which aligns with its likely appeal to buyers seeking efficiency over spaciousness.
3. The lot seems smaller than average. Is that a concern?
The lot is under 3,300 sqft, which is smaller than many in Winnipeg. This is not unusual for mature neighbourhoods and reduces yard maintenance. It may limit expansion possibilities but is sufficient for a patio or small garden.
4. Why is the assessed value so much lower than the citywide average?
The assessed value is based on a combination of factors including the home's size, age, condition, and specific location within the city. Its value ranking is higher (top 82% citywide) than its size ranking, suggesting the assessment accounts for its newer build date relative to many city homes.
5. What can recent sales on the same street tell me?
Recent sales of neighbouring properties show a range of sizes, ages, and values. This indicates a diverse streetscape with varied housing stock. Comparing these sales is crucial to understanding the specific market value of this property.