Property Overview & Key Characteristics
This home at 530 Jubilee Avenue in Winnipeg's Lord Roberts neighbourhood presents a classic, grounded opportunity. Built in 1922, it offers 1,076 sqft of living space on a notably generous 5,501 sqft lot. The appeal lies in its established location and the tangible value of the land itself. While the house is around average for its street in terms of size and assessed value, the lot size stands out as significantly above average for the broader Lord Roberts area, offering potential for outdoor space or future redevelopment that is less common in the city core.
It would suit a practical, value-conscious buyer—perhaps a first-time homeowner comfortable with a character home’s upkeep, or an investor who recognizes the underlying value in the land parcel. It’s not a luxury property, but a solid entry into a mature neighbourhood with the benefit of a larger-than-typical lot for the area.
Frequently Asked Questions
1. How does this home compare to others in the area?
The home is generally around average for Jubilee Avenue in living area, value, and age. Its key differentiator is the land size, which ranks in the top 11% within the larger Lord Roberts neighbourhood, meaning you get more yard space than most nearby properties.
2. What is the exact sold price history?
Public records show a sale between CA$200k–250k in 2019. The listing service offers to provide the exact sold price via email upon request, as they manually compile this data from non-public sources.
3. Is a 104-year-old home a concern?
The year built (1922) is typical for the street and area. Buyers should anticipate the maintenance and potential upgrade needs common to houses of this era, but it’s not an outlier for this established part of Winnipeg.
4. What does the assessed value tell me?
The assessed value of $29.40k is for taxation purposes and is not market value. It is around average for the immediate street and area but below the city-wide average for comparable homes, which may reflect the older home on a larger lot dynamic common in central neighbourhoods.
5. What are the less obvious factors to consider?
The data suggests a key point: you are primarily purchasing location and land here. The house itself is unexceptional in its metrics, but the lot size is a standout asset for the neighbourhood. This could appeal to those with long-term plans for expansion, gardening, or simply valuing extra outdoor space in a central location.