Property Overview: 59 Matheson Avenue E, Winnipeg
Key Characteristics & Appeal
This home on Matheson Avenue E presents a compelling mix of space, value, and established neighbourhood character. Its primary appeal lies in its generous 1,474 sqft living area, which ranks well above average for both its immediate street and the broader Luxton neighbourhood. This suggests a home that offers more interior room than many in the area, ideal for growing families or those wanting ample living space. The assessed value is also strong for the local context, indicating a property that holds solid worth within its community.
Built in 1913, the home is a century-old character property. While its age places it below average compared to newer builds city-wide, it offers the charm and sturdy construction of its era. The lot size is modest at 3,000 sqft, meaning lower maintenance outdoors but less private space than some. Recent sale history shows significant value appreciation between 2017 and 2020.
This property would best suit practical buyers who prioritize interior space over a large yard and who appreciate the character of an established home without requiring a modern build. It’s a strong contender for someone looking for a foothold in a mature neighbourhood where the home itself offers more square footage than its peers.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is for municipal tax purposes and is a snapshot in time. While it shows the home is valued above average for Luxton, the actual market price is determined by current conditions, the home’s state, and buyer demand. The last sold price range from 2020 provides a more recent market reference point.
2. What are the implications of the home being built in 1913?
This means you are buying a character home with the potential for solid craftsmanship and classic architectural details. It also necessitates a thorough inspection for aging components like wiring, plumbing, and the foundation. Renovations may be needed, but the home has already stood the test of time.
3. The lot size seems smaller than average. How much of an issue is this?
The 3,000 sqft lot is compact, ranking in the bottom 10% on its own street. This translates to less yard for gardening, play, or expansion, and homes may be closer together. For buyers seeking low-maintenance outdoor space or who prioritize indoor living area, this can be a benefit rather than a drawback.
4. How does this home’s value trajectory compare to the area?
The home’s sold price increased notably from the $200k-$250k range in 2017 to $300k-$350k in 2020. This suggests it has captured market growth. Understanding how Luxton and similar neighbourhoods have performed since 2020 would be key to gauging its current value.
5. What can the "neighbourhood analysis" page tell me that this summary doesn't?
That interactive map would show how this property fits precisely on its block, allowing you to visually compare its lot size, age, and value directly with its immediate neighbours. This reveals whether it’s an outlier or consistent with the streetscape, providing crucial context for its character and potential.