Property Overview: 757 Jessie Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic two-storey home in the established Earl Grey neighbourhood, built in 1912. With 1,148 sqft of living space, it offers a comfortable size that is typical for the area. The property includes a detached garage and a standard city lot. A key feature is the home’s unrenovated basement, which presents both a project and an opportunity for future customization.
Its primary appeal lies in its location within a desirable, mature community and its value proposition. The home recently sold for $310,000, which is notably below the citywide average for comparable homes. This positions it as an accessible entry point into a sought-after neighbourhood. The lot size, while smaller than some on its street, is average for Earl Grey, offering manageable outdoor space.
This property would best suit a practical buyer who values location over move-in perfection. It’s ideal for a first-time homeowner comfortable with gradual updates, or an investor looking for a character home in a stable area. The unrenovated basement and older structure mean it appeals to those who see potential in personalizing a space over time, rather than someone seeking a turn-key property.
Section 2: Frequently Asked Questions
1. What does "below average" assessed value mean for this property?
The assessed value is significantly lower than averages for the street, neighbourhood, and city. This typically results in lower property taxes, which is a financial advantage. It often reflects the home’s age and condition relative to updated properties.
2. Is the smaller lot size a major drawback?
While the lot is below average for Jessie Avenue, it is around the typical size for the wider Earl Grey area. This means less maintenance, which can be a benefit, but may limit expansion possibilities compared to larger lots on the street.
3. What should I know about the "unrenovated" basement?
This indicates the basement remains in its original or older state. It provides blank-canvas potential, but a thorough inspection is crucial to understand the condition of foundational elements, plumbing, and electrical systems before planning any renovations.
4. How does the 1912 build year affect the home?
Homes of this era often feature solid construction and classic architectural details. Buyers should proactively plan for maintenance consistent with an older home, such as updates to wiring, plumbing, or windows, and budget accordingly.
5. The home just sold recently. Why is it being listed again?
Properties can be re-listed for various common reasons unrelated to the home itself, such as a buyer’s financing falling through, a change in the purchaser’s circumstances, or a deal not closing. It does not necessarily indicate a problem with the property.