Property Overview: 695 Jessie Avenue, Winnipeg
Key Characteristics & Buyer Profile
This is a classic two-storey home in the established Earl Grey neighbourhood, built in 1913. With 1,228 sqft of living space, its size is squarely average for the area, offering a practical layout for daily life. The property includes a basement (not renovated) and sits on a 3,008 sqft lot, which is more compact than many on its street but typical for the central neighbourhood. There is no garage or pool.
The appeal lies in its location and value proposition within a mature community. The home’s assessed value ranks above average for Earl Grey, suggesting it is viewed favorably within a desirable area known for its character and amenities. It suits first-time buyers or downsizers looking for an entry point into a well-regarded neighbourhood without a premium price tag for land. It’s a home for those who value location and community over expansive private outdoor space or modern renovations, presenting a solid foundation for living as-is or with gradual updates.
Frequently Asked Questions
1. What is the neighbourhood like?
Earl Grey is a long-established, central Winnipeg neighbourhood known for its tree-lined streets, community feel, and proximity to schools, parks, and local amenities. It typically attracts those seeking a quiet, residential setting without being far from the city’s core.
2. What does "basement, not renovated" imply?
This indicates the basement is functional but retains its original or older finishes and systems. Buyers should budget for potential updates and consider a thorough inspection to understand the condition of the foundation, moisture control, and mechanical systems.
3. How does the lot size affect the property?
At just over 3,000 sqft, the lot is smaller than the average on Jessie Avenue. This means lower maintenance but also limited space for expansions, large gardens, or extensive outdoor entertaining. It emphasizes efficient use of space.
4. Why is the assessed value higher than some nearby properties?
The assessment reflects the property’s value relative to others in Earl Grey, considering factors like location, building size, and market trends. Its above-average ranking for the area suggests it is a contributor, rather than a detractor, to the neighbourhood’s overall valuation.
5. What are the immediate next steps for a new owner?
Given the age of the home, priorities would likely include a detailed home inspection to assess the roof, wiring, plumbing, and insulation. Planning for energy efficiency upgrades and considering basement potential would also be prudent early considerations.