Property Summary: 499 Jefferson Avenue

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1947, presents a practical opportunity in Winnipeg's Jefferson area. Its key appeal lies in space and land relative to its local context. With 1,235 sqft of living area, it offers significantly more interior space than most comparable homes on its street and in the wider Jefferson area. This is complemented by an above-average lot size of 5,760 sqft, providing generous outdoor space for its neighbourhood setting. The home features a renovated basement and a detached garage.

While the assessed value is modest and typical for the immediate area, it positions the property as a value-conscious entry point. The home’s age means potential buyers should be prepared for the maintenance considerations of an older structure, but it also represents a piece of established community character. This property would suit a first-time buyer, an investor, or a downsizer looking for a manageable home with room to breathe, without the premium of a newer build or a more central city location. Its strengths are its spaciousness within its peer group and its lot size, offering a balance of indoor and outdoor potential.

Frequently Asked Questions

1. How does the home's size compare to others nearby?
The living area is 1,235 sqft, which is notably larger than the average for similar homes on Jefferson Avenue (approx. 1,029 sqft) and in the Jefferson area overall.

2. What should I consider about the home's age?
Built in 1947, it is older than most homes on its street. This suggests potential for character but also warrants a thorough inspection for updates to major systems like plumbing, electrical, and the roof.

3. Is the assessed value a good indicator of the selling price?
The assessed value is around $29,700, which is typical for the street. Market conditions, the home's updated condition (like the renovated basement), and buyer demand will ultimately determine the sale price, as seen with the 2018 sale in the $24.5k-$27.5k range.

4. How does the lot size benefit me?
At 5,760 sqft, the lot is larger than most in the Jefferson area. This allows for more privacy, yard space, gardening, or future expansion potential like a shed or deck, compared to tighter lots.

5. Where can I find the exact historical sale prices?
The provider offers to send the exact sold price history manually via email upon request, as the figures displayed on the site are estimated ranges from public data.