Property Overview: 557 St Anthony Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the Jefferson neighbourhood presents a practical and straightforward opportunity. Built in 1953, it is notably newer than many homes on its street and in the immediate area, which can be an advantage for systems and structure. With 917 sqft of living space and a full, unrenovated basement, it offers functional space for daily life with significant potential for future customization. The lot is a standout feature, at over 5,400 sqft, providing above-average outdoor space for the area—a valuable asset for gardening, recreation, or future expansion.
The home’s primary appeal lies in its position as a solid, no-frills canvas in a well-established community. It suits a first-time buyer comfortable with a home that may need gradual updates, or an investor looking for a manageable rental property. The detached garage adds practical utility. From a financial perspective, its assessed value is consistent with the local market, suggesting a stable, entry-level investment without the premium of a recently renovated home. It’s a property where value is derived more from its land, its relative age, and its location rather than from finished luxury.
Section 2: Frequently Asked Questions
1. What does "basement, not renovated" typically mean?
It indicates the basement is undeveloped or finished to a very basic standard. It’s usable space for storage and utilities but would require investment to become a modern living area, offering the next owner a chance to design it to their needs.
2. How does the home’s age (1953) compare to the area?
This home is relatively young for Jefferson. It was built significantly later than the neighbourhood average (1948), and is among the newest 4% of homes on St Anthony Avenue. This can suggest potentially fewer issues with very old plumbing, wiring, or foundations.
3. Is the assessed value a reliable indicator of the selling price?
The assessed value ($29,600) is for municipal tax purposes and is often lower than market value. It’s a useful benchmark showing the home is priced within the local norm, but the final sale price will be determined by current market conditions, buyer demand, and the property’s specific condition.
4. What are the advantages of such a large lot?
The 5,417 sqft lot is larger than most in Jefferson. This provides more private outdoor space, better potential for additions like a shed or deck, and could be a long-term asset if density rules in the area ever change.
5. Who would this property not suit?
It would not suit buyers seeking a move-in-ready home with modern finishes and no immediate projects. The unrenovated basement and the overall need for potential updates make it better for those with a vision for gradual improvement or who prioritize lot size and location over turnkey condition.