Property Overview: 901 Jessie Avenue, Winnipeg
Key Characteristics & Appeal
This home is a classic two-and-a-half storey character property in the established Earl Grey neighbourhood, built in 1912. Its primary appeal lies in offering above-average space both inside and out for the immediate area. With 1,708 sqft of living area, it ranks in the top 15% for size on its street and the top 8% within Earl Grey, providing more room than most comparable local homes. The 4,108 sqft lot is also generously proportioned for the neighbourhood, offering valuable outdoor space.
The home presents a solid, grounded opportunity. It suits a buyer who values character, space, and location over modern finishes, as the basement is noted as unrenovated. The detached garage adds practical utility. Financially, it sits in a comfortable middle ground—its assessed value is above average for Earl Grey but around the median city-wide, suggesting a reasonable entry point for the neighbourhood. The ideal buyer is likely someone seeking a "bones-and-space" project in a desirable area, willing to invest sweat equity into updating a home with inherent scale and charm, or a family prioritizing room to grow over turn-key perfection.
Frequently Asked Questions
1. What does the "above average" ranking for living area actually mean?
It means that compared to similar homes on Jessie Avenue, this house is larger than about 85% of them. Within the broader Earl Grey neighbourhood, it's larger than approximately 92% of comparable properties, highlighting its standout interior space for the area.
2. The home was built in 1912. What should I consider?
While the age is average for Jessie Avenue, it's older than most city-wide. Buyers should prioritize a thorough inspection focusing on foundational integrity, original plumbing and electrical systems, and historical maintenance. This age also brings the potential for classic architectural details.
3. How does the lot size compare to a typical Winnipeg property?
The lot is above average for its street and Earl Grey, but below the city-wide average. This is typical for established, central neighbourhoods. You're getting a larger-than-usual yard for Earl Grey, but not the expansive lot you might find in a newer suburban area.
4. The last sale was in 2016 for $330k. How is the assessed value relevant?
The assessed value ($37.80k for taxation purposes) is a provincial valuation for calculating property taxes, not a market price. Its above-average rank in Earl Grey indicates the property is valued higher for tax purposes than many neighbours, which can be a proxy for its perceived worth relative to area homes.
5. What is the significance of an unrenovated basement?
This indicates significant potential for future expansion and customization, but it requires upfront investment. It’s a key factor for buyers to budget for, affecting immediate usability and presenting both a project cost and a long-term opportunity to add value tailored to your needs.