Property Overview: 641 Jubilee Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 641 Jubilee Avenue is a character property built in 1911, offering above-average living space in a desirable inner-city neighbourhood. Its primary appeal lies in its generous 1,600 sqft interior, which ranks within the top 18% of homes on its street and the top 6% within the Lord Roberts area. This suggests a home with ample room for a growing family or those who value spacious older layouts. The lot, while smaller than others on Jubilee Avenue, is still a good size at 4,380 sqft and is above average for the broader neighbourhood.
The property suits buyers looking for a established home in a mature, central community like Lord Roberts. It’s ideal for someone who prioritizes interior space and location over a newer build, and who appreciates the potential and charm of a century-old home. A thoughtful perspective is that its “around average” city-wide assessed value, paired with its above-average neighbourhood living space, could indicate a value opportunity for a buyer willing to invest in updates, as the home’s age is a noted factor.
Section 2: Frequently Asked Questions
1. How does the home’s age impact its value and condition?
Built in 1911, the home is older than most in the city. This typically means character and solid construction, but potential buyers should budget for updates to systems like wiring or plumbing and anticipate maintenance consistent with a century-old property.
2. The sold price history shows a range of $250k-$300k in 2023, but how does that relate to the current assessed value?
The assessed value is $38.70k for taxation purposes and is not a market valuation. The 2023 sale price provides a more relevant recent market benchmark. The difference highlights the importance of using recent sales comparisons, not tax assessments, to determine current market value.
3. Is the lot size a disadvantage?
While the lot is below the street average for Jubilee Avenue, it is actually above average for the Lord Roberts neighbourhood as a whole. It provides a manageable outdoor space typical of inner-city areas, which can be a plus for those seeking less yard maintenance.
4. What do the ranking percentiles actually mean for a buyer?
They contextualize the home’s features against local homes. For example, living area in the “Top 6%” for Lord Roberts confirms this is a notably spacious home for the area, a key advantage. The “Top 93%” for year built city-wide simply confirms it is one of the older homes in Winnipeg.
5. Who might this home not suit?
It may not suit buyers seeking a modern, turn-key property with no renovation projects, or those for whom a very large yard is a top priority. The age and associated upkeep require a buyer with a realistic outlook on maintaining a character home.