Property Overview

This one-and-a-half storey home at 392 Jefferson Avenue in Winnipeg is a practical, no-frills property built in 1932. With 1,026 square feet of living space and a recently renovated basement, it sits on a roughly 5,000 sqft lot, which is typical for the Jefferson area. Notably, it does not have a garage or a pool. The home’s assessed value is significantly below average for the street, neighbourhood, and city, indicating it is a lower-priced entry point into the market.

Key Characteristics & Appeal
The primary appeal of this home lies in its affordability and functional updates. Its renovated basement adds usable living space, a valuable asset in a home of this size. While the living area is modest and typical for the immediate area, it ranks below average citywide, highlighting its position as a compact, efficient property. The lot size is average for Jefferson, offering standard outdoor space.

This property would best suit first-time buyers, investors, or downsizers seeking a straightforward, low-maintenance home without premium features. Its below-average assessed value suggests a lower property tax burden, which is a key consideration for budget-conscious owners. A thoughtful perspective is that this home represents the "bones" of the neighbourhood—a chance to own in the area at a base cost, with the understanding that it may lack the size or modern finishes of higher-priced comparables.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city average?
Assessed value is based on a municipal evaluation for tax purposes, not market price. This home’s lower assessment reflects its older age, smaller size, and likely more basic condition compared to the citywide average home, which can result in comparatively lower property taxes.

2. What does "one & 1/2 storey" mean for the layout?
Typically, this style features a main floor with primary living spaces and a second floor under sloped ceilings, often containing bedrooms. It can offer charming character but may have less full-height space than a true two-storey home.

3. The home has no garage. What are the parking options?
The listing indicates no garage, so parking would be via on-street permit or a potential driveway if the lot allows. Buyers should verify parking regulations directly with the city.

4. How recent is the basement renovation, and what was done?
The listing confirms the basement is renovated but does not specify the date or scope. A professional home inspection is recommended to determine the quality of the work, materials used, and if any permits were obtained.

5. The sold price history shows a range. How can I find the exact price?
As noted on the detail page, exact sold prices are not publicly displayed. You can request the precise history by emailing the provided service; they manually provide the data without using your email for marketing.