Property Summary: 802 Jessie Avenue, Winnipeg
Key Characteristics & Appeal
This home is a classic one-and-three-quarter storey character property in the established Earl Grey neighbourhood. Its key appeal lies in a compelling combination of generous outdoor space and a thoughtfully updated interior. The standout feature is the land: at over 6,000 square feet, the lot size is exceptionally large for both the street and the wider area, offering rare potential for gardening, expansion, or simply private outdoor enjoyment. The home itself, built in 1907, offers a renovated basement and a functional living space of 1,344 sq ft that is comfortably above average for the area.
The property suits buyers who value space and character over sheer modernity. It’s ideal for someone seeking a manageable-sized home with the bonus of a large yard in a mature neighbourhood. It would also appeal to a buyer with a vision for gradual updates, appreciating the solid foundation of a renovated basement and the inherent value of a large lot, while being prepared for the maintenance that comes with an older home. A less obvious perspective is that this lot size, in this location, acts as a long-term asset; the land itself represents a significant portion of the property's value and future potential, which can be a stabilizing factor.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing notes a renovated basement, which typically means finished living space. Prospective buyers should inquire about the specific work done, the quality of finishes, and importantly, any updates to foundational elements like moisture control, insulation, and electrical systems that are crucial in a century-old home.
2. How does the age of the home (1907) affect it?
While the home has clear character, its age places it among the older properties in the city. Buyers should budget for potential updates to major systems like plumbing, wiring, or the roof, and consider a thorough inspection to understand the condition of the original structure. The charm comes with a responsibility for ongoing maintenance.
3. The assessed value seems low compared to the recent sale price. Why?
The municipal assessed value ($31,800) is for taxation purposes and often lags behind the current market. The sale price from late 2023 ($37,800) is a more current indicator of its market value. The difference highlights that the market places a premium on factors like the large lot and location that may not be fully captured in the assessment formula.
4. Is the detached garage a standard size, and what condition is it in?
The listing confirms a detached garage but does not specify its size or state. For many buyers, this is a key utility space. It’s worth investigating if it can comfortably fit a modern vehicle, if it has power, and what repairs it might need.
5. What is the neighbourhood feel of this part of Earl Grey?
Earl Grey is a well-regarded, central neighbourhood. The property's specific location on Jessie Avenue, with its very large lots and homes of a similar vintage, suggests a quiet, established streetscape. Reviewing nearby sales (like 796 Jessie Ave) shows consistent property values, indicating a stable area.