Property Overview: 892 Jefferson Avenue, Garden City, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home on a spacious 5,252 sqft lot presents a practical and straightforward opportunity in Winnipeg's Garden City neighbourhood. Built in 1959, its 1,040 sqft living area is typical for the immediate street but offers a more compact footprint compared to some larger homes in the wider area. A key modern update is the renovated basement, adding valuable finished space. The property includes a detached garage.

Its primary appeal lies in its positional value and manageability. The assessed value is notably strong for Jefferson Avenue itself, ranking above average on the street, which can indicate a well-maintained property relative to its closest peers. This suggests a solid foundation for a buyer. The home suits first-time buyers seeking an entry point into a established neighbourhood, downsizers looking for a single-level layout without a massive yard to maintain, or practical investors interested in a property with a renovated basement and a stable assessment history.

A less obvious perspective is the lot size: while below average for Garden City, it is actually above average for Jefferson Avenue. This means you get a more generous outdoor space than many direct neighbours, but with less maintenance than a full-sized Garden City lot—a potential "sweet spot."

Section 2: Frequently Asked Questions

1. How does this home compare to others in the area?
The data shows a home of contrasts. It ranks above average in assessed value on its own street, suggesting good condition relative to immediate neighbours. However, its living space and lot size are below the broader Garden City averages, indicating a more compact property within the neighbourhood.

2. What is the significance of the renovated basement?
The renovated basement immediately adds usable living space without the need for a major project. This is a significant value-add, providing flexibility for a recreation room, home office, or additional storage, which is especially valuable in a 1,040 sqft main-floor home.

3. Who might this property not suit?
It may not suit buyers seeking a large, modern open-concept layout, as the square footage is modest and the style is typical of its 1959 era. Families requiring multiple large bedrooms or extensive main-floor living space might find it limiting.

4. What can the sold price history tell me?
The home sold previously in mid-2016. While the exact price is not publicly listed, the provided range gives a historical benchmark. Understanding how the current asking price relates to that past sale, considering market changes and the basement renovation, is crucial. The exact price is available upon request from the listing service.

5. Are the nearby comparison properties similar?
The listed nearby properties (e.g., 893 Jefferson Ave., 123 Arrowwood Drive S) are useful for a general neighbourhood comparison on metrics like year built, size, and assessment. However, key differences like the renovated basement at 892 Jefferson, specific lot sizes, and interior condition mean they are guidelines, not direct equivalents.