Property Summary: 550 Hartford Avenue, Winnipeg
Key Characteristics & Appeal
This is a well-situated, one-storey home in Jefferson, built in 1957. Its primary standout feature is an exceptionally large lot of over 8,500 sqft, which places it in the top 1% of properties in both the immediate area and the wider Jefferson neighbourhood. This offers rare potential for expansion, gardening, or outdoor living that is hard to find in the city.
The house itself, at 1,080 sqft of living space, is competitively sized for the area and sits comfortably above the neighbourhood average. It includes a renovated basement and a detached garage. The home’s assessed value is strong for Jefferson, ranking in the top 16%, suggesting it is viewed favourably relative to its peers.
Its appeal lies in offering a balance of a solid, updated living space with the significant added value of land. It would suit a buyer looking for a practical, single-level layout who prioritizes outdoor space over a brand-new build. It’s an ideal fit for someone with future plans—whether for a major garden, adding a suite, or simply enjoying a generous, private yard—within an established community.
Frequently Asked Questions
1. How does the lot size compare to a typical city lot?
The lot is approximately 8,575 sqft, which is significantly larger than the Winnipeg city average of about 6,570 sqft and more than double the average for lots on Hartford Avenue itself.
2. What does the "above average" assessed value ranking mean for this property?
In the Jefferson neighbourhood, this home’s assessed value ranks in the top 16%, meaning it is valued higher than most comparable homes nearby. This often reflects desirable attributes like the renovated basement and, especially, the very large lot.
3. Is the renovated basement a legal suite?
The provided information states the basement is renovated but does not specify if it is a legal, rentable suite. This would be a key point to verify with the listing agent or through a municipal search.
4. The home sold in late 2023. What can that price tell me?
The sold price range from October 2023 provides a recent market benchmark. Comparing it to the current asking price can offer insight into local market trends and the seller’s pricing strategy.
5. What are the implications of a detached garage versus an attached one?
A detached garage offers flexibility for its use (e.g., as a workshop) without noise or fumes entering the main house. The trade-off is convenience, as you must go outside to access your vehicle, which can be a consideration during Winnipeg winters.