550 Enniskillen Avenue

Property Overview: 550 Enniskillen Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1951, presents a practical opportunity in Winnipeg's Jefferson neighbourhood. With 1,167 sqft of living space and a 5,154 sqft lot, its size is consistently average or above-average when compared directly to its immediate street and area, offering solid space for the location. A key feature is the detached garage. The home’s assessed value is notably below the citywide average, which can signal an accessible entry point into the market.

The appeal lies in its straightforward, no-frills profile. It suits buyers looking for a functional home with room to grow on a decent lot, without paying for premium finishes or recent renovations. The basement exists but is noted as not being renovated, making it a clear candidate for future projects. This property would particularly suit a first-time buyer comfortable with gradual updates, an investor seeking a land-value play with rental potential, or a hands-on owner who sees value in personalizing a space over time. Its metrics suggest you’re paying more for the land and location in Jefferson than for the current condition of the structure itself.

Section 2: Frequently Asked Questions

1. What does the assessed value tell me about the likely price?
The assessed value is for municipal tax purposes and is often lower than market value. This home’s assessed value is below averages for its street and the city, which historically correlates with a more modest selling price, but the final price is determined by the current market.

2. How does this home compare in size to others nearby?
The living area is above the average for the Jefferson area and on par with homes on Enniskillen Avenue. You are getting more interior space than many immediate neighbours, which is a relative strength.

3. What should I know about the “basement, not renovated” note?
This indicates the basement is functional but in original or utilitarian condition. Budget for potential updates, moisture management, or insulation improvements. It represents both a current cost-saving and future opportunity.

4. Is the lot size a benefit?
At over 5,000 sqft, the lot is above average for Jefferson. This provides valuable outdoor space, potential for additions, gardening, or parking, which is a significant asset in older neighbourhoods.

5. Where can I find exact historical sold prices?
The listing service provides sold price ranges based on public data. For the exact sold price history, you must request it directly via the email link provided on the detail page; they manually provide the figures without marketing spam.