Property Overview: 219 Jefferson Avenue, Winnipeg

Key Characteristics & Buyer Appeal

This is a compact, one-storey home built in 1925, presenting a straightforward and affordable entry point into the Winnipeg market. Its key characteristics include a 660 sqft living area, a renovated basement, a detached garage, and a 3,876 sqft lot. The home’s assessed value is notably low compared to city-wide averages.

The primary appeal lies in its minimal financial footprint. With a historically low sale price and low property taxes implied by its assessment, it suits buyers seeking absolute cost minimization—whether as a first home, a strategic rental property, or a building lot for the future. Its renovated basement adds functional living space, a valuable asset in a smaller home.

This property would best suit a practical, hands-on buyer. It’s ideal for an investor looking for a low-cost rental, a first-time buyer comfortable with a cozy layout who prioritizes getting into the market over space, or a buyer who sees potential in the land itself. It’s less suited for those needing ample room or a modern, turn-key home without further investment.

A thoughtful perspective: in a market where many seek move-in-ready perfection, this home offers something different—genuine affordability and the freedom to customize without the pressure of a massive mortgage. Its age and size make it a candidate for energy-efficient retrofits, potentially transforming it into a model of economical, sustainable living.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
Assessment is based on a combination of factors including home size, age, condition, and local market values. This home’s compact size (660 sqft) and location within its specific neighbourhood context result in a proportionally lower assessed value, which typically correlates with lower property taxes.

2. What does "renovated basement" imply?
While specifics should be verified by a viewing and inspection, this generally indicates the below-ground space has been finished into a livable area, adding crucial functional space to the smaller main floor plan. It’s important to check the quality of renovations, ceiling height, and necessary permits.

3. Who would this home not be a good fit for?
It would likely not suit growing families needing multiple bedrooms, individuals who work extensively from home and require dedicated office space, or buyers unwilling to potentially update an older home’s systems (like plumbing or electrical) over time.

4. The lot size is below average. Is there still potential for expansion or outdoor space?
At just under 4,000 sqft, the lot is smaller than many but still provides reasonable outdoor area for a home of this size. Any potential for a main-floor addition would be limited and subject to zoning bylaws, but the lot does offer space for gardening, relaxation, and the detached garage.

5. How reliable are the provided sold price ranges?
The ranges are estimates based on publicly available data. For precise historical sale figures to inform your offer, you should request the exact sold price history directly via the provided email service, which is manually verified.