575 Matheson Avenue

Property Overview: 575 Matheson Avenue, Winnipeg

Key Characteristics & Appeal

This 1987 bi-level home at 575 Matheson Avenue presents a practical and well-situated offering in the Jefferson neighbourhood. Its key appeal lies in a combination of updated essentials, efficient use of space, and a property that ranks highly for its size within its local context.

The home features a renovated basement, adding valuable finished living space to the 810 sqft main floor plan. It includes a detached garage and sits on a lot that is notably larger than most in the immediate area, ranking in the top 7% for lot size on its street. This offers more outdoor space than is typical for the location. The building itself is also newer than the majority of homes in Jefferson, placing it in the top 5% for year built in the neighbourhood.

This property would suit first-time buyers or practical downsizers looking for a move-in-ready home with modernized basics and a low-maintenance profile. It’s also a sensible fit for value-focused investors seeking a renovated property with strong rental demand in a established neighbourhood. A less obvious perspective is its appeal to buyers who prioritize yard space over interior square footage; the lot size is a significant asset for gardening, pets, or simple privacy, especially when compared to nearby properties.

Frequently Asked Questions

1. What does the "renovated basement" include?
While the listing confirms the basement is renovated, specific finishes and the scope of work (e.g., full bathroom, legal suite, type of flooring) are not detailed. A viewing or inquiry with the listing agent is necessary to understand the full extent and quality of the renovation.

2. How does the assessed value relate to the likely listing price?
The assessed value is $31,900 for municipal tax purposes. In Winnipeg, this figure is typically much lower than current market value. The listing price will be determined by recent sales of comparable homes, the renovated condition, and current market conditions.

3. Is the neighbourhood primarily older homes?
Yes, Jefferson features many older properties. This home, built in 1987, is a relative exception, ranking newer than 95% of homes in the neighbourhood. This can mean fewer concerns about aging components like wiring or plumbing found in century-old houses nearby.

4. What are the advantages of a bi-level design?
Bi-levels often provide good separation of living and sleeping areas, with common living spaces on one floor and bedrooms typically on another. The design can make the renovated basement feel more integrated into the daily flow of the home compared to a traditional basement.

5. The living area is listed at 810 sqft. Does this include the renovated basement?
Typically, the main "Living Area" (810 sqft) refers to the above-grade square footage. The renovated basement space would be additional, though its exact square footage is not provided in this data. Total usable living space is therefore greater than the listed 810 sqft.