Property Summary

Key Characteristics & Buyer Profile

This is a 1,072 sq. ft. home built around 1948, on a 4,743 sq. ft. lot, with an assessed value of roughly $273,000. The living area is slightly above the median for its street (Smithfield Avenue) and neighbourhood (Jefferson), but notably smaller than the citywide average of 1,342 sq. ft. The land, however, sits below most neighbours on the same street—only 9% of lots there are smaller—though it’s fairly typical for Jefferson and Winnipeg overall. The assessed value is on the lower end across all three scopes. The house itself is mid-century in age, older than most homes citywide but consistent with its immediate street.

The appeal here lies in affordability relative to the neighbourhood. Buyers get a functional, not generous, floor plan on a modest lot, in a well-established area of Winnipeg. The house is unremarkable on paper, which works in its favour: it’s likely priced to move, and the combination of a dated build and smaller lot can mean less competition from buyers chasing “move-in ready” or premium land. It would suit someone looking for an entry-level single-family home in Jefferson—first-time buyers, small families, or investors wanting a straightforward rental without oversized carrying costs. The low assessed value also suggests lower property taxes than many nearby homes, which is a practical advantage often overlooked.

Frequently Asked Questions

1. Is the living area too small for a family of four?
At 1,072 sq. ft., it’s tight but workable if the layout is efficient. Many mid-1940s homes in Winnipeg have separate living and dining rooms, which can be adapted. Expect modest bedrooms and little wasted space. If you need dedicated home offices or a playroom, you’ll likely have to repurpose a dining area or consider the basement (not included in the living area figure).

2. How do property taxes compare to other homes on the street?
Because the assessed value ($273k) is below the street’s average, taxes should be lower than many neighbours’. Exact figures depend on the current mill rate, but the Bottom 35% ranking on the street confirms it’s one of the more affordable options in terms of tax burden.

3. What’s the typical condition of a 1948 home in this area?
That varies widely. Some have been updated, others are essentially original. The data doesn’t cover condition, so a home inspection is essential. Common issues in homes this age: aging electrical, galvanized plumbing, asbestos in old flooring or insulation, and foundation settling. Don’t assume anything from the year alone—each house is case-by-case.

4. Is the lot too small for a garage or an addition?
At 4,743 sq. ft., it’s below average for the street but not conspicuously small for Jefferson. A single-car garage is possible, but a double or a large addition would eat up most of the yard. Check municipal setbacks and zoning before planning any expansion. If you prioritize outdoor space, this may feel constrained.

5. How does this property compare to others on Smithfield Avenue?
It has above-average living area (Top 46%) but below-average assessed value (Bottom 35%) and a much smaller lot (Bottom 9%). This suggests it’s priced below many neighbours despite having slightly more interior space—likely due to the land being the key premium on that street. You’re paying for the house, not the yard.