Property Overview: 515 Jubilee Avenue, Lord Roberts, Winnipeg
Key Characteristics & Appeal
This home at 515 Jubilee Avenue is a classic 1914-built character property in the established Lord Roberts neighbourhood. With 1,340 sqft of living space, it offers a comfortable size that is typical for the area. The lot, at 3,643 sqft, is modest for the street but average for the neighbourhood, suggesting a lower-maintenance yard. A key characteristic is its significantly below-average assessed value compared to similar homes on its street, in the area, and city-wide. This combination points to a property that may present an opportunity for value-conscious buyers.
Its appeal lies in its position as a potentially more accessible entry point into a desirable central neighbourhood. It would suit a first-time buyer or an investor looking for a character home with renovation potential, given its age and assessment details. The property also appeals to those seeking a simpler footprint without a large yard to maintain. A less obvious perspective is that a lower assessment can sometimes correlate with deferred maintenance or outdated systems, which savvy buyers might see as a chance to add value through thoughtful updates while keeping property taxes relatively low in the near term.
Frequently Asked Questions
1. Why is the assessed value so much lower than comparable homes?
Assessed value is for municipal tax purposes and is based on mass appraisal techniques. A value significantly below local averages can be due to factors like the home's age, specific condition, layout, or features that the assessment model accounts for differently than the market might.
2. What does the "Sold 2024 CA$250k–300k" price range indicate?
This is an estimated sale price range derived from public data. To obtain the exact historical sold price, you must request it directly via the provided email service, as sale prices are not officially publicly disclosed in Manitoba.
3. Is the smaller lot size a major disadvantage?
It depends on your priorities. The lot is smaller than most on Jubilee Avenue but is around the neighbourhood average. This typically means less outdoor maintenance and can be a benefit for those not seeking extensive gardening or space.
4. What should I consider due to the home's age (1914)?
Homes from this era often possess charming character but may require attention to older plumbing, electrical, insulation, or the foundation. A thorough inspection is essential to understand the condition and potential update costs.
5. How does the "Neighbourhood Analysis" page help?
This interactive tool allows you to see this property on a map alongside nearby homes, visually comparing key metrics like year built, lot size, and assessed value. It provides immediate context about how this home fits into its immediate surroundings.