Property Overview: 382 Rupertsland Avenue, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1947, is a classic Jefferson neighbourhood property that represents a straightforward, no-frills opportunity. With 1,050 sqft of living space and a detached garage, it sits on a modest 4,745 sqft lot. The home’s key appeal lies in its positioning as an average-sized home in an established area, with an assessed value that is notably above average for its specific street. This suggests it may be perceived as a solid, maintained property within its immediate context.

The basement exists but is noted as not renovated, indicating a space with potential or one suited for basic utilities and storage rather than finished living. There is no pool, aligning with typical homes in the area. Its appeal is likely for practical buyers: first-time homeowners, investors, or downsizers looking for an entry point into a mature neighbourhood without the premium of a fully updated or larger property. It suits someone comfortable with a home of vintage character who sees potential in a functional layout and a stable, well-ranked assessed value relative to its peers. A less obvious perspective is that its smaller lot size, while below average for the street, could mean lower maintenance—an advantage for those seeking a manageable yard in the city.

Frequently Asked Questions

1. What does "above average assessed value for the street" actually mean?
It means that, compared to the 256 comparable properties on Rupertsland Avenue, this home’s $30,500 assessment ranks in the top 29%. This typically reflects the city’s valuation of the property relative to its neighbours, often based on factors like size, condition, and improvements, and can indicate a well-regarded property on its block.

2. Is the unrenovated basement a major concern?
Not necessarily. It indicates the lower level is in original or functional condition, not a modern finished space. This is common for homes of this era and can be a project for the future. Buyers should budget for a professional inspection to check for foundational or moisture issues common in older basements.

3. How does the living space compare to nearby homes?
At 1,050 sqft, it is very close to the average for both the Jefferson area (1,029 sqft) and its own street (1,075 sqft). It offers a typical amount of space for the neighbourhood, suitable for a small family or couple.

4. What is the significance of the sold price history from 2021?
The recorded sale in October 2021 for between $23.5k and $26.5k provides a historical benchmark. Market conditions have likely changed since, but it shows the home’s price point from a few years ago, which can be a reference for its appreciated value.

5. Who would this property not suit?
It may not suit buyers seeking a move-in-ready home with modern, open-concept finishes or those desiring extensive yard space. The unrenovated basement and vintage layout require a willingness to live with original features or undertake updates over time.