Property Overview: 635 Matheson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Matheson Avenue in the Jefferson area presents a practical and value-oriented opportunity. Its key characteristics include 1,048 sqft of living space, a renovated basement, a detached garage, and a 5,397 sqft lot, built in 1952. The appeal lies in its strong positional value within its immediate area. While the living space is modest compared to some neighbors, the property's assessed value ranks in the top 15% on its street and top 8% in Jefferson, suggesting it is viewed favorably relative to nearby homes. This points to a well-maintained home or desirable lot in its local context. The renovated basement adds functional living space.
It would suit first-time buyers seeking an entry point into a stable neighborhood, or practical-minded investors looking for a solid, no-fuss rental property. A less obvious perspective is that it may appeal to those who prioritize lot size and location over a large interior footprint, offering room for future expansion or outdoor enjoyment. The data indicates you're buying a home that stands above average for its specific area, which can be a smarter strategy than buying the biggest home in a less desirable location.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the last known sale price?
The home sold in August 2019 for an estimated $29.5K-$32.5K. Its current assessed value is $34.60K. This increase suggests municipal assessment has recognized added value, possibly from the basement renovation or market trends in Jefferson.
2. Is the living area sufficient for a family?
At 1,048 sqft, it is compact. The renovated basement effectively doubles the usable space, making it more viable for a small family. Buyers should consider if the single-storey main floor layout meets their needs.
3. What does the "above average" assessed value ranking mean for taxes?
A high ranking within the neighborhood (Top 8% in Jefferson) typically means a higher property tax bill relative to other homes on the street. However, it also strongly indicates the municipality views this as one of the better-maintained or more desirable properties in the area.
4. How does the lot size compare?
The lot is a generous 5,397 sqft, ranking above average for the Jefferson area. This is a significant asset, offering more outdoor space than many nearby properties and potential for additions, gardening, or parking.
5. What is the typical home like in this immediate area?
Based on the data, comparable homes on Matheson Avenue are slightly larger (avg. 1,227 sqft) but are often much older (avg. year built 1939). This home, built in 1952, is actually newer than many on its street, which may mean fewer issues with very aged infrastructure.