Property Overview: 562 Matheson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1948, presents a practical opportunity in Winnipeg's Jefferson neighborhood. Its primary appeal lies in its generous proportions relative to the area. With 1,518 sqft of living space and a 6,266 sqft lot, the property offers significantly more room than many local and city-wide comparables. This positions it as a solid value-for-space proposition, particularly for those who prioritize indoor and outdoor room to grow over modern finishes.
The home suits buyers looking for a functional canvas. The basement exists but is unrenovated, and there is no garage, indicating this is a property for an owner comfortable with future projects or who values the lot potential over move-in-ready perfection. Its assessed value is consistently around the average for its immediate area, suggesting a stable, un-inflated entry point into a neighborhood with larger-than-average lots. It would likely attract first-time buyers seeking space, value-oriented families, or investors interested in the long-term potential of the land.
A less obvious perspective is that this home represents a specific type of Winnipeg housing stock: the modestly sized but generously proportioned post-war house on a large lot. It appeals to a practical mindset, where the value is measured in square footage and future potential rather than current luxury.
Section 2: Frequently Asked Questions
1. What is the exact recent sold price?
The available public data shows a sale in February 2018 for an estimated range. For the precise sale price, you can request the information directly via the email link provided on the listing page.
2. What does "above average" for living area mean here?
It means that compared to similar homes on Matheson Avenue, in the Jefferson neighborhood, and across Winnipeg, this home's interior square footage ranks in the top 21%, 6%, and 29% respectively. Simply put, it offers more indoor space than most direct comparables.
3. Is the large lot a common feature in this area?
The lot size is a standout feature. At over 6,200 sqft, it ranks in the top 5% of lots in the Jefferson neighborhood, making it a notably large parcel for the area and a key asset of this property.
4. What should I expect regarding the condition?
The listing notes the basement is not renovated. Given the home's age (78 years), buyers should budget for updates and maintenance typical of a vintage property. The absence of a garage is also a factor to consider for parking and storage.
5. How does the assessed value compare to likely market value?
The assessed value is a municipal figure for tax purposes. While it is around the average for the street and neighborhood, market value is determined by current sale prices, buyer demand, and the home's condition. The assessed value here suggests a stable, mid-range pricing context rather than an extreme high or low.