Property Overview
135 Hartford Avenue is a well-situated, one-and-a-half storey home in Winnipeg's Seven Oaks neighbourhood. Built in 1952, it sits on a generous 4,400 sqft lot and features a renovated basement and a detached garage. With 1,174 sqft of living space and a current assessed value of $380,000, it presents a solid opportunity in the established north end market.
Key Characteristics & Appeal
This home’s primary appeal lies in its balance of space, updates, and location value. The renovated basement adds functional living area, while the large lot offers privacy and outdoor potential uncommon in newer subdivisions. Its assessed value ranks in the top 11% of the neighbourhood, suggesting it is viewed as a premium property within the area, likely due to its size, condition, or specific upgrades.
It would suit practical buyers looking for a move-in-ready character home without the premium of a newer build. It’s ideal for small families, couples, or investors seeking a property with a strong foundation (literally and figuratively) in a mature community. The detached garage is a significant asset for those with hobbies, needing storage, or planning a vehicle shelter. A thoughtful perspective is that this property may represent a "sweet spot"—it’s newer than many area homes (top 81% in the neighbourhood for year built), which can mean fewer concerns with aging infrastructure, yet it retains the charm and established lot size of its era.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $380,000 is for municipal tax purposes. While it indicates the city’s valuation, the selling price is determined by the market. Recent sale history shows significant appreciation, but a professional market evaluation is essential.
2. What does having a "renovated basement" typically mean for a home of this age?
It usually indicates updated finishes and likely addressed foundational concerns like moisture control or insulation. It’s crucial to review the permits and scope of work to understand the quality and legality of the renovations.
3. The home sold for $195,000 in 2016 and $284,000 in 2017. What does this rapid appreciation indicate?
This suggests a major renovation or market shift occurred during that period. It underscores the importance of understanding what improvements were made and highlights the property’s potential for strong historical value growth.
4. The lot is large, but is the neighbourhood conducive to families?
Seven Oaks is a long-established area with schools, parks, and community centres. The top-tier lot size ranking offers great private outdoor space, complementing the nearby public amenities.
5. What are the considerations with a detached garage?
It provides excellent flexibility but requires going outdoors to access. Consider its condition, the walkway in winter, and whether it has electrical service. For some, the separation is a benefit for noise or workshop activities; for others, attached access is preferred.