Property Overview
This is a modern, two-storey home built in 2021, situated on a generous 6,017 sqft lot in Winnipeg's established Earl Grey neighbourhood. With 1,342 sqft of living space, it offers a comfortable size that is above average for the area. The property's most striking feature is its assessed value of $1.23M, which places it in the top 1% of homes both within Earl Grey and on Jessie Avenue itself, signaling a premium valuation.
Key Characteristics & Appeal
The primary appeal of this home lies in its combination of new construction within a mature, sought-after neighbourhood. Buyers gain the benefits of a modern build—contemporary layouts, new systems, and minimal immediate maintenance—without sacrificing the established character, tree-lined streets, and central location of Earl Grey. The lot size is a significant asset, being notably larger than most in the immediate area, offering ample outdoor space rare for a newer home in such locales.
This property would best suit buyers who value a turn-key, modern lifestyle but desire the stability and prestige of an older, well-regarded community. It appeals to those looking for a "best of both worlds" scenario and for whom a premium valuation is not a deterrent but rather an expectation for a newer, high-quality home in a prime spot. A thoughtful perspective is that this home represents a notable departure from the neighbourhood's typical housing stock, which consists mostly of century-old homes. It caters to a specific demand for new builds in established areas, a growing niche in many Canadian cities.
Frequently Asked Questions
1. Why is the assessed value so much higher than nearby properties?
The assessed value reflects it being a new construction (2021) with modern amenities and finishes, compared to the predominantly older homes on the street. Value is driven by the land in a desirable area combined with the cost and appeal of a new building.
2. What does having no basement mean for storage and utilities?
The home is built on a slab foundation. This means no traditional basement for storage or mechanical systems. Buyers should consider where furnaces, water heaters, and electrical panels are located, and plan for ample main-floor storage solutions like closets or a shed.
3. Is the property size typical for Earl Grey?
The living space is above average for Earl Grey. More notably, the land area of over 6,000 sqft is in the top 1% for the neighbourhood, offering a larger yard than most comparable properties.
4. How does the 2018 sale price relate to the current assessed value?
The home sold for $280k in 2018, likely just prior to or at the start of its redevelopment. The current $1.23M assessment reflects the completed new home as of 2021, not the value of the previous structure.
5. What are the implications of having no garage?
Parking will be limited to the driveway or street. This is a trade-off for the larger yard space and may influence buyers who require vehicle storage or have multiple cars.