Property Overview: 485 Jubilee Avenue, Lord Roberts, Winnipeg
Key Characteristics & Appeal
This home at 485 Jubilee Avenue is defined by its substantial lot and established neighbourhood character. The standout feature is the 7,285 sqft land area, which ranks in the top 4% within Lord Roberts, offering significantly more outdoor space than most local properties. The house itself, built in 1907, is one of the older homes in the area, suggesting classic architecture and potential heritage charm, but also implying a need for mindful maintenance and updates. With a living area of 1,156 sqft and an assessed value around $31,200, it presents as a modestly-sized home on a premium-sized lot.
Its appeal lies in the rare opportunity to own a large parcel in a central, mature neighbourhood. It suits a buyer looking for a project—whether that’s gardening, expansion, or renovation—who values space and location over a modern, turn-key home. It’s also a practical entry point into the Lord Roberts area, offering the community benefits without the premium price tag of a fully updated property. A thoughtful perspective is recognizing that the high land-to-building ratio is a long-term asset; the value here is fundamentally in the ground, which is a finite resource in established neighbourhoods.
Frequently Asked Questions
1. What does the "Elite" ranking for Land Area actually mean?
It means this property's lot size is larger than 96% of other homes in the Lord Roberts neighbourhood, placing it in the top 4%. This is its most distinguishing statistical feature.
2. The house was built in 1907. What should I consider?
While offering classic character, a home of this age will likely have older systems (like plumbing, wiring, and insulation). A thorough inspection is essential to understand the condition and plan for any necessary updates or renovations.
3. How does the assessed value relate to the likely selling price?
The assessed value ($31,200) is for municipal tax purposes and is typically much lower than market value. The last known sold price range was $300k-$350k in 2020, which is a more relevant, though historical, benchmark.
4. Is the living space small for the neighbourhood?
At 1,156 sqft, it's slightly below the average for Lord Roberts but around average citywide. The trade-off is clear: you get a smaller house on a much larger than average lot.
5. Who would this property not suit?
It may not suit buyers seeking a low-maintenance, modern home ready for immediate move-in. It’s better matched for those comfortable with a property that may require investment over time, or who prioritize outdoor space and potential over immediate convenience.