Property Overview: 488 Rupertsland Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home in Winnipeg's Jefferson neighbourhood, built in 1951. With 802 sqft of living space and a renovated basement, it offers efficient, single-level living. The lot is a standard city size at just over 5,300 sqft and includes a detached garage.

Its primary appeal lies in its value and practicality within its immediate area. The data shows the home is consistently "around average" for its street and neighbourhood in terms of assessed value, living space, and lot size, suggesting it's a typical, fairly priced offering for Jefferson. A key, less obvious strength is its relative age: built in 1951, it is notably newer than many homes on Rupertsland Avenue, potentially implying fewer concerns with very old infrastructure.

This property would best suit first-time buyers, downsizers, or practical investors seeking an affordable entry into the Winnipeg market. It’s for someone who prioritizes a sensible, no-frills home in an established neighbourhood over modern size or amenities. The renovated basement adds valuable flexible space, making the smaller main footprint more functional.

Section 2: Frequently Asked Questions

1. How does this home really compare in size to others?
While its 802 sqft is below the Winnipeg city average, it's much closer to the norm for the Jefferson area (avg. ~1,029 sqft) and is actually slightly larger than some nearby sold comparables, making it a reasonably sized option for this specific market.

2. What does the assessed value tell us about the price?
The assessed value (~$28.8k) is around the neighbourhood average. It's important to note that assessed value for tax purposes is not market value. However, it indicates the home is not an outlier—it's viewed similarly to other properties in the area by the assessor, which can provide a baseline for stability.

3. The home was last sold in 2016. Is that a concern?
Not necessarily. An 8+ year ownership period suggests stability and likely indicates the sellers have maintained the property as a long-term home, not a quick flip. It does mean asking for recent updates or renovations since that time would be prudent.

4. Are there any standout features in the data?
The year built (1951) is a positive standout. It ranks in the top 7% newest homes on its own street, meaning it's a relatively younger home in that context and may have benefited from building practices and materials from a later era than its neighbours.

5. What should I consider about the lot and location?
The lot is a standard dimension for the area. The extremely close proximity of neighbouring houses (some just 14 meters away) is typical for the neighbourhood and offers a sense of community, but those seeking more private outdoor space should take this into account.