Property Overview: 643 Jessie Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Earl Grey presents a practical opportunity in a well-regarded neighbourhood. Built in 1910, it offers 1,040 sqft of living space with a detached garage and a full, unrenovated basement. The lot is a manageable 3,009 sqft.
Its primary appeal lies in its value proposition and location. The home’s assessed value consistently ranks above average for both its street and neighbourhood, suggesting it is viewed as a solid asset within its immediate context. This makes it a candidate for buyers seeking an entry point into a mature area without a premium price tag. The property suits first-time buyers, investors, or downsizers comfortable with a home that has original character and may benefit from updates. A thoughtful perspective is that the unrenovated basement, while not a modern living space, offers dry storage and clear potential for future customization, acting as a blank canvas rather than a liability.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others?
At 1,040 sqft, the living area is below average for Jessie Avenue itself but is around the average size for both the wider Earl Grey neighbourhood and the city overall, indicating a fairly typical footprint for Winnipeg.
2. Is the assessed value high for the area?
Yes. The assessed value ranks in the top 28% on its street and the top 19% in the Earl Grey area, meaning it is assessed higher than most comparable nearby homes. This often reflects the property’s underlying value, such as its lot or location, rather than the finished condition of the house.
3. What should I know about the age of the home?
Built in 1910, it is older than most homes on its street, in Earl Grey, and across Winnipeg. Buyers should budget for maintenance consistent with a century-old structure and consider a thorough inspection for systems like wiring and plumbing.
4. How does the lot size impact the property?
The lot is smaller than most on Jessie Avenue and city-wide, but is near the average for Earl Grey. This means lower exterior maintenance and potentially a more community-focused streetscape, but less private outdoor space.
5. What is the recent sales history?
The home sold recently in August 2024 for $37.5k. Prior to that, it sold in October 2019 for $31.5k. The recent sale price aligns closely with its current assessed value of $37.8k.