Property Overview: 549 Matheson Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1917, situated on a standard city lot in the Jefferson neighbourhood. Its key characteristic is its exceptionally modest scale, with a living area of 530 sqft that ranks it among the smallest homes in Winnipeg. The home features a detached garage and an unrenovated basement. The assessed value is significantly below average for the city, reflecting its size and vintage.
The primary appeal lies in its position as one of the most accessible entry points into homeownership in the market. It suits a very specific buyer: someone seeking absolute minimalism, a hands-on project on a tight budget, or an investor looking for a straightforward rental property. Its low carrying costs are a defining feature. A less obvious perspective is its potential as a "blank slate" for a creative, efficient redesign, where the small footprint is seen not as a limitation but as a challenge for innovative small-space living. It would not suit those needing space for a family or who are averse to immediate maintenance and updates.
Frequently Asked Questions
1. Why is the assessed value so much lower than typical city homes?
The assessed value is directly tied to the home's very small size (530 sqft), its age, and the condition of its original features and basement. It is priced as a foundational property in need of modernization.
2. What does "below average — Top 100%" mean for living area?
This statistical ranking indicates that this home is in the 100th percentile for its street, meaning it has a smaller living area than 100% of comparable homes on Matheson Avenue. It is effectively the smallest or among the very smallest in its immediate peer group.
3. Is this a tear-down property?
While its size and condition may lead some to consider replacement, it is a standing house with utilities and a foundation. Its future—whether renovation, expansion, or redevelopment—would depend on the buyer's goals, budget, and local zoning regulations.
4. How reliable are the sold price ranges shown?
The listed price ranges are estimates based on publicly available data. For precise historical sale figures, you must request the exact data via the provided email service, which manually confirms records.
5. What are the major considerations for renovating a home of this age?
Prospective buyers should budget for updates to essential systems (like wiring and plumbing common in 1917 construction), moisture management in the unrenovated basement, and improving energy efficiency. The compact size can keep renovation scopes manageable but may require clever design solutions.