Property Overview: 918 Jessie Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Earl Grey presents a practical opportunity. Its key characteristic is its modest 750 sqft living area, which is notably smaller than most comparable homes in the area, city, and on its own street. However, this is balanced by a recently renovated basement, adding functional space, and a detached garage. The lot is a standard city size at just over 3,000 sqft.
The appeal lies in its efficiency and location. It suits buyers looking for a manageable, low-maintenance footprint without sacrificing the benefits of a mature neighbourhood like Earl Grey. It’s an ideal entry point into the market for a first-time buyer, a practical downsize for empty-nesters, or a straightforward investment property. A thoughtful perspective is that its smaller size, while a statistical outlier, translates to lower utility costs and less upkeep. Furthermore, its 1957 build date is actually newer than the vast majority of homes on Jessie Avenue and in Earl Grey, suggesting potentially fewer concerns with antiquated building systems common in much older homes.
Section 2: Frequently Asked Questions
1. Is the house unusually small?
Yes, the 750 sqft living area is significantly below the average for the street, neighbourhood, and city. The renovated basement provides additional usable space, but the main-floor living area is compact.
2. What does the "Top 3%" badge for Year Built mean?
This means the home, built in 1957, is newer than 97% of the comparable homes on Jessie Avenue. In this context, it’s a relative advantage, as most surrounding homes were built decades earlier.
3. How does the assessed value compare?
The assessed value is consistently around the average mark when compared to homes on the same street, in Earl Grey, and across Winnipeg. This indicates the property is valued in line with the market, with its smaller size likely factored in.
4. Who would this property not suit?
It may not suit buyers who require substantial main-floor living space, multiple bedrooms on one level, or who prioritize a very large private yard, as the lot is standard for the city core.
5. Has the property value been stable?
Based on the provided sale history, the property sold for $34.5k in 2022 and $25.2k in 2017. This indicates an increase in value over that five-year period, though market conditions should always be considered.