Property Overview: 687 Jessie Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home in Earl Grey, built in 1909, presents a classic character property with solid fundamentals. Its 1,250 sqft living area is competitively sized for the neighbourhood, sitting comfortably within the local average. The lot is a notable feature, at 4,139 sqft it is larger than most in Earl Grey, offering valuable outdoor space and potential. While the basement is present, it is noted as not being renovated, and the property does not include a garage or pool.
The appeal lies in its established location and the balance of historic charm with practical space. The home’s assessed value ranks above average for both the street and the neighbourhood, suggesting it is viewed favourably relative to its peers. This property would suit a buyer who appreciates older homes and is comfortable with a project, particularly the unfinished basement. It’s ideal for someone valuing a larger lot in a mature area over a brand-new build, and who sees potential in personalizing a space over time. A thoughtful perspective is that while the home is older than most in the city, this often correlates with well-established, tree-lined streets and a sense of community history that newer subdivisions are still growing into.
Section 2: Frequently Asked Questions
1. What does “above average” assessed value for the area indicate?
It means the municipal property assessment for this home is higher than most comparable homes on its street and in Earl Grey. This can reflect the property’s perceived market value, lot size, and condition relative to its neighbours, but it is not a direct guarantee of sale price.
2. Is the lack of a garage a significant drawback?
This depends on buyer needs. Many older homes in central neighbourhoods lack garages. The larger-than-average lot could provide room to add one, subject to zoning and permits, which may be a key consideration for some buyers.
3. What should I know about a home built in 1909?
Expect character features but also the need for diligent inspections. Key systems like wiring, plumbing, and the foundation may have been updated over time, and their current condition will be crucial. Energy efficiency may differ from modern standards.
4. The home sold recently in 2022 and 2021. What does that suggest?
The significant difference in the two most recent sale prices (noted as $460k in 2022 and $47.5k in 2021) strongly indicates a major change, such as a substantive renovation or a change in property type (e.g., a condominium conversion). Verifying what transpired between those sales is essential.
5. How does the living area compare to a typical new home?
At 1,250 sqft, the living space is slightly below the current city-wide average for homes. The layout in a character home may differ from an open-concept modern build, so considering how the space is configured is as important as the square footage itself.