Property Overview: 889 Jessie Avenue, Winnipeg
Key Characteristics & Appeal
This is a classic one-and-three-quarter storey home in the established Earl Grey neighborhood, built in 1911. With 1,120 sqft of living space and a 3,016 sqft lot, its metrics are consistently "around average" for its immediate street and area, presenting a solid, no-surprises footprint. The home features a detached garage and an unrenovated basement, indicating potential for future customization. Its appeal lies in its location within a mature community and its straightforward, functional layout. The assessed value is notably below the citywide average, which may suggest a value opportunity for the right buyer.
This property would suit a pragmatic first-time homebuyer or an investor looking for a character home in a central neighborhood without a premium price tag. It's a canvas for someone comfortable with gradual updates, valuing location and lot potential over modern finishes. A thoughtful perspective is that its very "averageness" on the street is a strength—it's a typical home in a desirable area, avoiding the premium for either extreme size or full renovation, which allows for creating equity through personalization.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean for this home?
This style typically features a full main floor and a second floor where the roofline slopes into the walls, creating cozy bedrooms with potentially lower ceilings in certain areas. It's a charming, classic Winnipeg design.
2. The assessed value seems low compared to the city. Does that affect the sale price?
Not directly. Municipal assessed value is for tax purposes and often lags behind market trends. The 2020 sale price of $290,000 is a more current market indicator, though the assessment may hint at the property being in a more affordable segment of the city's market.
3. What is the significance of the unrenovated basement?
It means the basement is in original or functional condition but hasn't been modernized into a finished living space. This presents both a cost-saving (lower purchase price) and a future opportunity to add value according to your needs, subject to necessary inspections for moisture and foundation.
4. How does this home rank for its size in the area?
Its living area is squarely in the middle range for Earl Grey (top 57%), meaning it's neither the smallest nor the largest home you'll find. It offers adequate space for a small family or couple without paying for excess square footage.
5. The home is over 110 years old. What should I be most mindful of?
While offering character, a home of this age requires attention to its major systems. A thorough inspection should focus on the foundation, roof, plumbing, electrical wiring, and insulation. The unrenovated state can be an advantage here, as issues are less likely to be hidden behind new finishes.