Property Overview: 242 St Anthony Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in the Jefferson neighbourhood presents a specific and practical value proposition. Its key characteristic is a renovated basement, adding functional living space to the 1,123 sqft main floor. The home sits on a standard city lot with a detached garage. Built in 1920, it is one of the older homes on the street, which often appeals to those who appreciate classic character, though it may also indicate a need for diligent maintenance.

The primary appeal lies in its positioning as an accessible entry point into the housing market. The assessed value is notably below average for the street, neighbourhood, and city, suggesting a potentially lower price point. This isn't a sprawling modern home; its living area is above average for the immediate street but modest by broader city standards. It suits first-time buyers, downsizers looking for a manageable single-level layout, or practical investors seeking a rental property with recent basement updates. A thoughtful perspective is that a lower assessed value can sometimes provide more flexibility for renovation and personalization without immediately over-improving relative to the area.

Section 2: Frequently Asked Questions

1. What does the "below average" assessed value actually mean?
It means this home's official city assessment for tax purposes is lower than most comparable homes nearby. This often correlates with a more affordable purchase price, but it's essential to have a professional appraisal to determine current market value.

2. Are there concerns with a home built in 1920?
While offering charm, a 106-year-old home requires a focused inspection. Key areas to scrutinize include the foundation, plumbing, electrical systems (which may have been updated), and insulation. The renovated basement is a plus, but the quality and permits for that work should be verified.

3. How does the living space feel compared to newer homes?
At 1,123 sqft on the main floor (plus the basement), the space is efficient. It is larger than many immediate neighbours but smaller than the Winnipeg average. The layout and room sizes will feel classic, potentially with smaller, defined rooms rather than open-concept living.

4. Who would this property not suit?
It may not suit buyers seeking a modern, move-in-ready home with no projects, those who need extensive main-floor square footage, or families desiring a very large yard, as the lot size is below the area average.

5. What is the immediate neighbourhood like?
Based on the data, St Anthony Avenue is a street of older, modestly sized homes. The close proximity of similar properties suggests a stable, established streetscape. Walking the block is crucial to gauge noise levels, traffic, and overall upkeep.