Property Overview & Key Characteristics
This is a compact, one-storey home built in 1912 on a standard city lot in Winnipeg's Jefferson neighbourhood. Its primary appeal lies in being an affordable, no-fuss entry point into homeownership. With a modest 730 sqft of living space and a renovated basement, it offers the essentials without complexity. The detached garage adds practical storage or workshop space.
The home suits first-time buyers or investors seeking a straightforward, lower-maintenance property. Its assessed value is consistently average for its immediate area, suggesting stability rather than rapid appreciation. A thoughtful perspective is that its smaller size and older vintage represent a simpler, more manageable commitment compared to larger, newer homes, potentially freeing up finances for other goals. It’s a practical choice for those who value function and affordability over modern square footage.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 730 sqft, the living area is below average for the street, neighbourhood, and city. This contributes to its affordability and manageable scale.
2. What does the assessed value tell me?
The assessed value of $27,800 is around the average for Mcadam Avenue and Jefferson, indicating it is priced in line with its immediate locale, though below the wider Winnipeg average.
3. Are there any major updates?
The listing notes a renovated basement, which is a functional upgrade. As the home was built in 1912, buyers should inquire about the age and condition of major systems like plumbing, electrical, and the roof.
4. What is the property's history?
Public records show it last sold between $21,500 and $24,500 in January 2019. For the exact sale price, you can request the information directly via the listing page.
5. Who might this property not suit?
It may not fit buyers looking for ample indoor space, modern open layouts, or a large yard, as metrics show it is below area averages for both living and land area.