Property Summary: 689 Jessie Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1909, is a character property in the established Earl Grey neighbourhood. Its key appeal lies in a balance of historic charm and practical updates, notably a renovated basement. With 1,370 sqft of living space and a 3,815 sqft lot, it offers comfortable, traditional proportions. The detached garage adds functional value.
The home’s metrics reveal a nuanced position: its assessed value ranks well above average for both its street and neighbourhood, suggesting it is viewed favourably relative to local peers. However, its age and lot size are more typical for the central area, placing it below the city-wide average for newer, larger-lot suburban homes. This profile suits a specific buyer: someone seeking a well-regarded, updated character home in a central neighbourhood, who values location and established community over a brand-new build or a sprawling yard. It’s ideal for those who appreciate the architectural details of a century-old home but want the convenience of modernized living spaces.
Frequently Asked Questions
1. What does the assessed value ranking actually mean?
The home ranks in the top 15% on its street and top 11% in Earl Grey for assessed value. This generally indicates the property is assessed higher than most comparable homes nearby, which can reflect recent improvements, desirable features, or a strong location within the neighbourhood.
2. Are there any concerns with a home built in 1909?
While the renovated basement is a positive, the overall age means potential buyers should pay special attention to the condition of original elements. A thorough inspection of the foundation, roof, wiring, and plumbing is essential to understand what may need updating or maintenance.
3. How does the lot size compare?
The lot is above average for the Earl Grey neighbourhood, offering good outdoor space for the area. It is, however, smaller than the typical city-wide lot, which is common for older, central communities. This lot size is well-suited for gardening and private outdoor living without extensive upkeep.
4. What is the significance of the 2020 sale price?
The property sold for $410,000 in July 2020. This provides a recent market benchmark, but the current value will be influenced by market conditions, any further upgrades, and the specific assessed value of $419,000.
5. Who are the most likely neighbours or buyers for this home?
Given its location in Earl Grey and its character, it will likely appeal to young families, professionals, or downsizers attracted to a stable, central neighbourhood with mature trees and traditional homes. It suits those looking for a move-in-ready character home with some modern comforts.