Property Overview & Key Characteristics
This 1,080 sqft condo at 1-580 Jessie Avenue in Winnipeg's Earl Grey neighbourhood presents a modern, low-maintenance living option. Built in 2020, its key appeal lies in its new construction, offering contemporary systems and finishes without the immediate need for major updates. The home features a renovated basement, adding functional space.
Its standout characteristic is its relative newness within an established area. It ranks in the top 5% of homes city-wide for year built, making it a notably modern property in a context of older housing stock. The living space is comfortably sized, sitting around the city average, while its assessed value is above average both for Earl Grey and Winnipeg overall. This suggests a well-appointed unit in a desirable location. The property last sold in late 2020.
This home would suit a buyer seeking a turn-key, modern condo without sacrificing space, possibly a young professional, a small family, or a downsizer who values newer infrastructure (like wiring, plumbing, and windows) and wants to avoid the surprises and projects often found in older character homes. Its appeal is practical and grounded in modern convenience within a mature, tree-lined neighbourhood.
Frequently Asked Questions
1. What does the "above average" assessed value indicate?
While property taxes are based on the assessed value, an assessment that is above average for the area often reflects desirable attributes like the new construction, quality of finishes, and the renovated basement, which the assessor recognizes as adding value.
2. How does the living space compare to nearby homes?
At 1,080 sqft, the unit offers more space than the average Earl Grey home (787 sqft average), providing a roomier feel than many neighbouring properties, but is slightly below the average for other homes on Jessie Avenue itself.
3. Is the 2020 build date a significant advantage?
Yes, significantly. It means major components like the roof, HVAC, appliances, and building envelope are under 10 years old, minimizing near-term repair costs and likely improving energy efficiency compared to the neighbourhood's older housing stock.
4. What is the context of the 2020 sale price?
The $340,000 sale price from November 2020 reflects the market conditions at that time, near the peak of a recent market cycle. Current value would be influenced by subsequent market changes, updates, and comparable recent sales.
5. What is the neighbourhood character of Earl Grey?
Earl Grey is a central, established neighbourhood known for its quiet, tree-filled streets, larger lots, and a mix of classic character homes and newer infill developments like this one. It offers a suburban feel with proximity to amenities like parks, schools, and Corydon Avenue.