Property Overview: 590 Matheson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home on Matheson Avenue is a classic Winnipeg character property, built in 1922. With 1,092 sqft of living space and a renovated basement, it offers functional space on a modest 3,135 sqft lot. Its assessed value is notably accessible compared to city-wide averages, positioning it as a practical entry point into the market.
The primary appeal lies in its balance of historic charm and practicality within the established Jefferson neighbourhood. It suits first-time homebuyers or investors looking for a solid, no-frills property without a premium price tag. A thoughtful perspective is that its "around average" metrics for the immediate area suggest it’s a typical, integrated home for this specific street—offering stability without standing out, which can be an advantage for those seeking a straightforward, community-anchored purchase. The detached garage adds functional value for storage or vehicle protection. It’s a property for someone who values a renovated basement for extra living space and prefers a home that doesn’t require the extensive upkeep of a much larger lot.
Section 2: Frequently Asked Questions
1. How does the property’s size compare to nearby homes?
At 1,092 sqft, the living area is very close to the average for both the Jefferson area and Winnipeg overall. However, the lot size is smaller than most comparable properties in the neighbourhood and city.
2. What does the assessed value indicate about this home?
The assessed value is around average for Matheson Avenue and Jefferson, but is below the city-wide average. This typically suggests a more affordable entry point compared to many parts of Winnipeg, while being priced in line with its immediate surroundings.
3. Is the age of the home (1922) a concern?
The home is older than most in the city. While this contributes to its character, it’s wise to factor in potential maintenance or updates associated with a century-old structure. The renovated basement is a positive modern update.
4. What can recent sale history on the street tell me?
Nearby homes on Matheson Avenue have sold in a similar price range in recent years. This indicates a consistent market value for the street, providing a clear benchmark for expectations.
5. Who would this property be most suitable for?
It is well-suited for first-time buyers or practical investors seeking an established neighbourhood home with core updates (like the basement) and a manageable scale. Its average metrics for the area suggest it’s a stable, typical choice rather than a standout project or premium property.