Property Overview
702 Jessie Avenue is a classic two-storey home in Winnipeg's Earl Grey neighbourhood. Built in 1911, it offers 1,408 sqft of living space and sits on a 3,009 sqft lot with a detached garage. The home features a basement that is noted as not being renovated. Its most recent sale was in March 2022 for $390,000.
Key Characteristics & Appeal
This home presents a solid, character-filled base in a well-regarded neighbourhood. Its appeal lies in its above-average assessed value for the area, suggesting good inherent value and a desirable location within Earl Grey. The living space is comfortably sized, ranking above average for the neighbourhood itself. It suits buyers looking for a home with classic architecture and the potential to personalize, particularly those comfortable with a basement that may require updating. The lot is smaller than many on its street, which could mean less yard maintenance—a plus for some—but less private outdoor space for others. It’s a property for someone who values location and neighbourhood character over a modern, turn-key home, appealing to renovators, small families, or investors seeking a property in a stable area.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value ranks in the top 12% for the Earl Grey neighbourhood and top 18% for its specific street, indicating it is considered above average in value compared to many nearby properties.
2. Is the lot size a concern?
The lot is smaller than the average for Jessie Avenue, which may limit expansive landscaping or additions. However, it is closer to the average lot size for the broader Earl Grey area, and the smaller yard could be viewed as lower maintenance.
3. What should I know about the “not renovated” basement?
This indicates the basement retains its original or older state. Buyers should budget for potential updates, moisture-proofing, or finishing to modernize the space and should plan for a thorough inspection to understand its current condition.
4. How does the living space compare to nearby homes?
With 1,408 sqft, the home offers more living area than the average Earl Grey house, providing a sense of spaciousness within the neighbourhood context, though it is closer to the citywide average.
5. The home is over 110 years old. What does that mean for me?
A 1911 build offers classic charm but requires a diligent inspection. While systems like plumbing, electrical, and the foundation may have been updated over time, buyers should be prepared for the maintenance and potential upgrade costs associated with a century-old structure.