Property Overview: 642 Jubilee Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Jubilee Avenue is a character property built in 1926, offering a blend of established neighbourhood charm and practical metrics. With just over 1,000 square feet of living space, it sits around the average for similar homes in the immediate area and citywide, suggesting a comfortable, manageable size. Its standout characteristic is a notably above-average assessed value for both its street and the Lord Roberts neighbourhood, which can indicate desirable features, updates, or a premium lot location not fully captured by the basic metrics.
The appeal lies in its position within a mature, central community. The lot size, while below average for Jubilee Avenue, is actually above average for the broader Lord Roberts area, offering a good balance of outdoor space without excessive maintenance. This property would likely suit a buyer looking for a home with established roots in a convenient location, who values a neighbourhood character over a brand-new build. It’s a practical choice for someone who appreciates a home that holds its value well within its local context, as evidenced by its strong assessed value ranking, and is prepared for the nuances of maintaining a century-old house.
Section 2: Frequently Asked Questions
1. What does a high assessed value ranking mean?
It means this property’s official city assessment is higher than most of its comparable neighbours. This often reflects improvements, a desirable location on the street, or other attributes that the city deems to add value. It’s a positive indicator of the property’s standing in the area, though it is not a direct market appraisal.
2. Is the lot size a disadvantage?
It depends on your priorities. The lot is smaller than others on Jubilee Avenue, but it’s actually larger than the typical lot in Lord Roberts. This could mean less yard work than some neighbours while still providing decent outdoor space, a potential advantage for those seeking lower maintenance.
3. The home is 100 years old. What should I consider?
While the systems and structure may have been updated, a home of this age requires a diligent inspection. Pay special attention to the foundation, plumbing, electrical wiring, and roof. Its above-average assessment could signal that significant updates have already been made.
4. How useful are the provided "Sold Price" ranges?
The ranges (e.g., CA$350k–400k for a 2021 sale) give a general historical benchmark, but they are not exact figures. For precise historical sale prices to inform your offer, you must request the exact data via the provided email service.
5. How does this home compare to the nearby reference properties?
The listing shows a nearby "reference" property on Rosedale Avenue with a lower assessment and smaller living area, suggesting 642 Jubilee may offer more value or space for the area. The "worth viewing" property on Churchill Drive is in a different neighbourhood (Riverview), is newer, and has a significantly higher assessment, highlighting how location and age drive different price points.