Property Overview: 500 Matheson Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1943, presents a practical opportunity in Winnipeg's Jefferson neighbourhood. With 1,076 sqft of living space and a renovated basement, it offers functional space on a standard 4,683 sqft lot, complemented by a detached garage. Its appeal lies in its straightforward, no-frills value. The data indicates the home is consistently "around average" for its immediate street and neighbourhood in terms of size, lot, and assessed value, suggesting it is a typical, well-priced property for the area without major outliers. It would suit first-time buyers or practical investors looking for an entry-point home with some updates (like the basement) in an established community. A thoughtful perspective is that its very "averageness" for Jefferson can be a stability advantage, minimizing the risk of overpaying compared to nearby homes, while the below-average citywide assessment could indicate a more manageable property tax burden.

Section 2: Frequently Asked Questions

1. What is the exact recent sold price history?
The available public data shows estimated sale ranges, with the most recent transaction noted for November 2019. For precise sale figures, you must request the information directly via the provided email service.

2. How does this home truly compare to others in the area?
The metrics show this home is solidly middle-of-the-road for Matheson Avenue and the Jefferson neighbourhood in terms of living area, lot size, and assessed value. It is not the largest or newest, but it consistently ranks close to the median, indicating it is a representative property for this specific location.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finish. This is a key detail to clarify with the seller or listing agent to understand the quality of the update and its potential uses.

4. Are the property taxes likely to be lower than a newer home?
Potentially, yes. The home's assessed value is notably below the citywide average for comparable properties (ranking in the top 73%, meaning it's assessed lower than 73% of homes citywide). This often correlates with a relatively lower property tax bill compared to newer or more extensively renovated homes.

5. What are the implications of the home's age (1943)?
Built 83 years ago, the home is older than most in both Jefferson and Winnipeg overall. This suggests potential for character but also means a thorough inspection is essential to understand the condition of core systems like plumbing, electrical, and the foundation, which may be original or partially updated.