Property Overview: 647 Jessie Avenue, Winnipeg
Key Characteristics & Appeal
This is a well-situated, character home in the established Earl Grey neighbourhood. Built in 1910, it's a two-storey house with 1,040 sqft of living space, a renovated basement, and a detached garage. The lot is a manageable 3,009 sqft. Its assessed value of $280k is competitive for the area, and it last sold in 2021 for $320k.
The appeal lies in its balance of historic charm and modern practicality within a sought-after community. The renovated basement adds functional living space, a key update for a home of this era. While the living area is modest compared to some neighbours, it represents an accessible entry point into a mature neighbourhood known for its tree-lined streets and central location. This property would particularly suit first-time buyers or downsizers seeking a character home without a massive footprint or yard to maintain. It’s for someone who values location and community vibe over sheer size, and who appreciates a home with a story that has already seen some thoughtful updates.
A less obvious perspective is that its "below average" lot size for the street could be seen as a low-maintenance advantage, while its citywide assessed value ranking suggests it may offer relative value compared to Winnipeg's broader market.
Frequently Asked Questions
1. How does the size of this home compare to others in the area?
At 1,040 sqft, the living area is modest for Jessie Avenue itself, where comparable homes average about 1,314 sqft. However, it is much closer to the average for the wider Earl Grey neighbourhood (1,206 sqft average).
2. What does the assessed value tell us?
The $280k assessment is around average for both Jessie Avenue and Earl Grey, but ranks below average citywide. This often indicates a potentially more affordable price point relative to the overall Winnipeg market while being typical for this specific, established area.
3. Is the age of the home a concern?
Built in 1910, the home is older than most on its street and in the city. This means character and established infrastructure, but a thorough inspection is crucial to understand the condition of major aging components like plumbing, electrical, and the foundation.
4. What are the outdoor spaces like?
The land area of 3,009 sqft is below average for the street but typical for Earl Grey. It provides a decent yard without being overly burdensome to maintain. The detached garage offers storage or parking.
5. How does the 2021 sale price relate to today's value?
The home sold for $320k in October 2021, during a different market cycle. The current assessed value of $280k provides a baseline, but the actual market value will depend on current conditions, the home's updated condition, and buyer demand for the neighbourhood.