Property Overview
This two-storey home on Jessie Avenue in Earl Grey presents a classic Winnipeg character property with solid fundamentals. Built in 1911, it offers 1,408 sqft of living space, which is above average for both the immediate street and the desirable Earl Grey neighbourhood. The property features a detached garage and a basement that is noted as being unrenovated. Its assessed value ranks notably high within its local context, suggesting it is viewed as a premium property on its street and in the area. The lot is a manageable 3,009 sqft, typical for the central neighbourhood. Recent sale history shows steady appreciation.
Key Characteristics & Appeal
The primary appeal of this home lies in its location within the established Earl Grey area and its above-average living space for the neighbourhood. It suits buyers looking for a character home with good bones in a central location, who are perhaps prepared to take on a basement project or value the potential of an unrenovated space. Its high assessment relative to nearby properties indicates it may have been maintained or updated in ways that official metrics don't detail, or that it sits on a particularly desirable stretch of the street. This isn't a sprawling suburban lot; it's for those who value a central community over extensive private outdoor space. The consistent increase in sale price over recent years underscores its solid market position.
Frequently Asked Questions
1. What does the "above average" assessed value really indicate?
It means the municipal assessment is higher than most comparable homes on the same street and in Earl Grey. This often reflects factors like lot desirability, property condition, or improvements that add value relative to neighbours.
2. Is the unrenovated basement a major concern?
Not necessarily. It presents both a consideration and an opportunity. While it may require inspection for moisture or foundational issues, it also offers a blank canvas for future finishing without the need to undo previous DIY work.
3. How does the smaller lot size impact the property?
The lot is below average for the street but typical for central Earl Grey. It means lower maintenance and aligns with the neighbourhood's character, but limits potential for large additions or extensive landscaping projects.
4. The home is older—what should I be mindful of?
A 1911 build requires a focused inspection for era-specific items: the condition of original wiring and plumbing updates, foundation integrity, and insulation. Its age is typical for the area, and many homes of this vintage have been successfully modernized.
5. Does the sale history show a reliable trend?
Yes. The sale prices in 2016, 2017, and 2022 show clear and steady appreciation, even when accounting for broader market increases. This suggests the property has held and grown its value consistently in recent years.