Property Overview: 553 Jubilee Avenue, Lord Roberts, Winnipeg
Key Characteristics & Appeal
This home on Jubilee Avenue is a character property with notable space and location advantages. Its primary appeal lies in its generous 1,824 sqft living area, which ranks well above average for both the immediate street and the desirable Lord Roberts neighbourhood. This suggests a home with ample room for a growing family, a dedicated workspace, or flexible living arrangements. The lot size is also a significant asset within Lord Roberts, offering above-average outdoor space for the area.
The property suits buyers who value established neighbourhoods with larger, classic homes and are prepared for the realities of a century-old house (built 1911). Its assessed value is modest relative to its living space, which could appeal to value-conscious buyers seeking more square footage for their investment. This isn't a modern, turn-key property; its charm is rooted in its potential and footprint. It would likely suit a practical buyer—perhaps a handy homeowner or someone with a renovation plan—who prioritizes interior space and a sizable lot in a central location over new construction or a premium finish.
Frequently Asked Questions
1. What does the sold price history indicate?
The home sold twice recently, in 2023 and 2024. The significant increase in the sold price range between those years suggests a quick renovation and resale, or a change in market conditions. Requesting the exact sold prices is recommended for a clearer financial picture.
2. How does its age impact the purchase?
Built in 1911, the home is older than most in the city. While this often means character details, it also implies a greater likelihood of aging infrastructure (like plumbing, wiring, or the foundation) needing attention. A thorough inspection is essential.
3. Why is the assessed value relatively low compared to the living area?
A lower assessed value, despite a large living area, can be typical for older homes that haven't been fully modernized or renovated. The assessment may not fully capture recent improvements if they were done post-assessment or may reflect the home's older condition.
4. What are the benefits of the lot size?
At nearly 4,860 sqft, the lot is larger than most in Lord Roberts. This provides valuable outdoor space, potential for gardening, room for additions or a garage, and simply more distance from neighbours compared to newer, denser lots.
5. What should I consider about the immediate area?
The listing shows several very close neighbouring homes on the same block, indicating a typical urban streetscape with proximity to adjacent houses. Reviewing the neighbourhood map analysis would provide context on the mix of home ages and sizes directly surrounding the property.