Property Overview: 1055 Jessie Avenue, Winnipeg
Key Characteristics & Appeal
This 936 sqft home, built in 1944, sits on a notably generous 4,372 sqft lot for its street. Its assessed value of $362k is firmly in line with neighborhood averages, suggesting a stable, established value proposition. The appeal here is nuanced: while the living space is modest compared to many city homes, the property offers a larger-than-average lot for the immediate area, presenting a clear opportunity for expansion, gardening, or simply enjoying more outdoor space. It last sold in 2022 for an estimated $400k-$450k, a price point that historically outperformed many peers.
This home would suit a first-time buyer or downsizer looking for a manageable footprint in a mature neighborhood without sacrificing yard space. It’s also a practical candidate for a long-term holder who values the potential to customize or extend the home over time more than move-in-ready size. The data indicates you’re buying into a street with older, character homes, where this property’s lot size is a relative advantage.
Frequently Asked Questions
1. Is the living area too small?
At 936 sqft, the home is cozier than the Winnipeg average. However, it is quite typical for the Rockwood neighborhood and its era. The generous lot size can offset this for buyers who prioritize outdoor space or future expansion over interior square footage.
2. How does the assessed value compare?
The $362k assessment is very close to the Rockwood average ($340.6k) and slightly above the street average ($337.7k). This indicates the property is valued consistently with its immediate surroundings, not as an outlier.
3. What does the 2022 sale price tell us?
The prior sale in the $400k-$450k range placed it in the top 14-16% of sales for the street and area at that time. This suggests the property commanded a premium, possibly due to its condition, the larger lot, or market conditions at that moment.
4. Is the lot size a significant feature?
Yes. The lot ranks in the top 25% on Jessie Avenue, being over 500 sqft larger than the street average. This is a key differentiator, offering more privacy and potential than many neighboring properties.
5. How can I verify the exact historical sale price?
The site provides estimated price bands. To obtain the exact sale figure, you must request a manual lookup via email, as this system does not include proprietary MLS sales records.