Property Overview: 1038 Jessie Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,072 sqft home, built in 1941, presents a compelling mix of established neighborhood character and solid value. Its assessed value of $434k stands out as notably above average for both Jessie Avenue and the broader Rockwood area, suggesting it is perceived as a premium property within its immediate context. The living space is efficiently sized, closely matching the neighborhood average, making it a practical choice rather than an overly spacious one.
The appeal lies in its position as a well-regarded home on its street, coupled with a lot size that is typical for the area. It suits buyers looking for a move-in ready home in a mature neighborhood, who prioritize location and perceived value over having a newer build or a large lot. It may particularly resonate with those who appreciate the stability of an older, established street where this property holds a strong relative value. A thoughtful perspective is that while the home is older than many in the city, it is actually newer than most on its own street, potentially indicating a street with enduring appeal where well-maintained older homes retain their worth.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much higher than the street and neighborhood averages?
The assessed value of $434k ranks in the top 10-11% for the immediate area, indicating that specific features of this property—such as its condition, updates, or exact location—are likely valued more highly than the average home on Jessie Avenue or in Rockwood.
2. How does the size of this home compare to others?
At 1,072 sqft, the living area is very close to the Rockwood neighborhood average. It is somewhat smaller than the average home on Jessie Avenue itself but is around the middle range when compared to the entire city.
3. What is the history of sale prices for this property?
Public records indicate it sold in 2017 for an estimated $300k-$350k and again in 2020 for an estimated $400k-$450k. For verified, exact sale prices, you must request a manual lookup from the site via email.
4. Is the lot size a drawback?
The lot of 3,999 sqft is typical for Jessie Avenue but is below the averages for both the Rockwood neighborhood and Winnipeg overall. It provides standard outdoor space for the street but may not suit those seeking extensive yard space.
5. The home was built in 1941. What should I consider?
While built in 1941, it is newer than many homes on its street. Buyers should prioritize a thorough inspection to understand the condition of major systems (roof, wiring, plumbing) and any updates that have been made, as maintenance history is key for a home of this age.