Property Overview: 1049 Jessie Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This 765 sqft home on Jessie Avenue in Rockwood presents a specific, value-oriented opportunity. Built in 1942, it is notably newer than many homes on its street. Its primary characteristic is its compact size, which places it below average for living space at every comparison level—street, neighborhood, and city. However, this is balanced by a slightly larger-than-average lot for the street at 4,483 sqft, offering valuable outdoor space relative to nearby properties.
The appeal lies in its position as an accessible entry point into the market. With an assessed value of $260k, it sits significantly below area averages for assessed value, suggesting a lower property tax base and an opportunity for buyers priced out of larger homes in the area. Its last known sale was between $200k-$250k in mid-2020. This property would suit first-time buyers, downsizers seeking minimal interior upkeep, or investors looking for a manageable rental property. It’s a pragmatic choice for those who prioritize lot potential and location over immediate square footage, offering a canvas for future expansion or garden development.
Frequently Asked Questions
1. Is the low assessed value a good thing?
Yes and no. It typically correlates with lower property taxes, which is a financial positive. However, it also reflects the home’s smaller size and likely simpler finishes compared to neighbors, which is factored into the municipal assessment.
2. How does the lot size compare?
The lot is a key feature. At 4,483 sqft, it is larger than the average lot on Jessie Avenue. This means you’re getting more outdoor space than many immediate neighbors, which could be used for gardening, recreation, or future additions.
3. The home is smaller than average. What should I consider?
Consider your lifestyle needs and future plans. The layout and efficiency of the 765 sqft will be crucial. For some, it’s a cozy, low-maintenance fit. For others, it may feel cramped. The larger lot does provide a rare option to potentially expand the home later, subject to zoning and permits.
4. The home was built in 1942. What does that mean for maintenance?
While newer than many houses on its street (average year built: 1923), a home from this era will still require careful attention to aging components like plumbing, electrical systems, and the foundation. A thorough inspection is essential.
5. How can I get the exact past sale price?
The site provides sold price ranges for non-members. To receive the exact sale history and verified figures, you must request a manual lookup via email through the provided button on the property page. MLS data is not displayed on this site due to industry rules.