Property Overview: 815 Jessie Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home in the Earl Grey neighbourhood offers a blend of established character and practical space. Built in 1912, it presents a classic footprint with a generous 1,546 sqft of living area, which ranks well above average for both the street and the neighbourhood. This suggests a home with room to grow, likely featuring traditional layouts like separate living and dining rooms. The property sits on a 3,012 sqft lot, which is typical for the area but smaller than the citywide average, implying a lower-maintenance yard.
Its primary appeal lies in its location within a sought-after, mature community and its above-average interior space for the price point, as indicated by its assessed value being around the local average. The basement is noted as unrenovated, which, while a project for some, offers a blank canvas for future development. The lack of a garage is a trade-off common for homes of this era.
This home would suit a buyer looking for character in a established neighbourhood who values interior space over a large yard. It’s ideal for someone comfortable with the maintenance of a century-old home and who sees potential in personalizing spaces like the basement. It may also appeal to those who prioritize neighbourhood ranking and home size over having the newest construction on the block.
Frequently Asked Questions
1. What does the "above average" living area ranking actually mean for daily life?
It means you're getting more interior space than most comparable homes in Earl Grey. This often translates to better separation between living areas, larger bedrooms, or more storage—a significant comfort advantage in an older home.
2. The assessed value is much lower than the last sale price. Why?
Municipal assessed value for tax purposes often lags behind market value and uses a different formula. The 2016 sale price is a more current market indicator, but both figures should be discussed with a real estate professional for a true valuation.
3. Is the smaller lot size a major drawback?
It depends on your lifestyle. For Earl Grey, it's fairly typical. It means less yard maintenance, which can be a plus, but may limit options for large additions, pools, or extensive landscaping compared to properties on larger lots elsewhere in the city.
4. What should I expect with a 1912-built home?
You can expect character like original hardwood floors or trim, but also the need for diligent maintenance. Key systems (roof, wiring, plumbing, insulation) may have been updated over time, and their current condition should be a top priority during an inspection.
5. The basement is "not renovated." What are the implications?
This typically means it's in a functional but unfinished or partly finished state, suitable for laundry and storage. It presents both a cost and an opportunity: you'll need to budget for any desired upgrades, but you can customize the space to your needs without undoing someone else's renovation choices.