Property Overview: 646 Matheson Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a standard-sized lot in Jefferson presents a practical and value-oriented opportunity. Its key characteristic is a renovated basement, adding functional living space to the 1,086 sqft footprint. The home was built in 1953, making it newer than many in its immediate area and neighborhood, which often suggests updated infrastructure or less immediate need for major system overhauls compared to older peers.
The appeal lies in its strong value positioning within its local context. The assessed value ranks well above average for both Matheson Avenue and the wider Jefferson area, indicating that official valuations recognize it as a higher-quality asset within its peer group. This, combined with the renovated basement, points to a property that has been maintained or improved. It would suit first-time buyers or practical downsizers looking for a move-in-ready home with extra below-ground space in a established neighborhood, without paying a premium for above-average square footage. A less obvious perspective is that its "above average" assessment in a more affordable area could represent a stable investment with less volatility, appealing to those cautious about market fluctuations.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 1,086 sqft, the living area is close to the city-wide average but is slightly smaller than the average home on Matheson Avenue itself. The renovated basement effectively expands the usable space.
2. What does the "above average" assessed value ranking mean?
The home's assessed value ranks in the top 18% on its street and top 12% in the Jefferson area. This means officials have valued it higher than most comparable properties nearby, often reflecting factors like condition, improvements, or lot desirability.
3. When was it last sold and for how much?
Public records indicate a sale between September 2023, with a price range reported between $345,000 and $375,000. The exact sale price can be provided upon request.
4. Is the garage included?
Yes, the property includes a detached garage.
5. How does the lot size compare?
The lot is 5,634 sqft, which is larger than average for both the Jefferson area and the city overall, offering good outdoor space for its setting.