Property Overview: 627 Matheson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1949, presents a solid opportunity in Winnipeg's Jefferson neighbourhood. Its key strength is the generous 6,715 sqft lot, which ranks in the top 3% of the area, offering significant outdoor space and potential that is increasingly rare. The home itself, at 1,155 sqft of living area, is modestly sized but functional, featuring a renovated basement and a detached garage.
The appeal lies in its balanced profile and clear value proposition. The assessed value sits well above average for both the street and the Jefferson area, suggesting a perception of good relative worth. It suits practical buyers looking for a manageable home without sacrificing yard size—perfect for those with gardening ambitions, pets, or who simply value private outdoor room to grow into. It’s also a sensible fit for first-time buyers or downsizers seeking a established neighbourhood character without the premium of a newer build. A less obvious perspective is that the above-average lot size in a neighbourhood of mostly smaller parcels could provide a future hedge, as redevelopment or expansion options may be more feasible here than on neighbouring properties.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to its recent sale price?
The home sold in June 2020 for an estimated $26.5k-$29.5k. Its current assessed value of $33.1k is higher, indicating a likely increase in its municipal valuation since that last sale.
2. Is the living space considered small for the area?
At 1,155 sqft, the living area is slightly below the current average for Matheson Avenue but is actually above the average for the broader Jefferson neighbourhood. It represents a typically sized home for its era.
3. What does the "Elite" ranking for Land Area in Jefferson mean?
This statistical ranking means this property’s lot size is larger than approximately 97% of comparable homes in the Jefferson area. It is a standout feature of this listing.
4. The home was built in 1949. What should I consider?
While the basement has been renovated, a home of this age will likely have original elements elsewhere. Prospective buyers should budget for ongoing maintenance and potential updates to major aging components like roofing, windows, or plumbing.
5. Are the sold prices shown for nearby properties exact figures?
No. The listed sold price ranges are estimates based on public data. You can request the exact historical sold price for this specific address by providing your email to the listing service, which they provide manually without marketing spam.