Property Overview: 784 Jessie Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home in the Earl Grey neighbourhood presents a classic, early-20th century character, built in 1911. With 1,260 sqft of living space, its size is comfortably average for the immediate area and city overall. A key feature is its above-average assessed value for both the street and neighbourhood, which often signals a well-maintained or updated property relative to its peers, or desirable intangible qualities not captured in square footage.
The appeal lies in its established location and the value proposition suggested by the assessment metrics. It sits on a 3,010 sqft lot, which is more compact than many city lots but typical for the central neighbourhood. The presence of a detached garage adds practical utility. This home would likely suit a buyer who appreciates the charm and mature streetscapes of an older community like Earl Grey, and who is perhaps more interested in move-in-ready condition or location premium than in a large lot or ultra-modern build. It’s a pragmatic choice for someone looking for a character home without being the oldest on the block, where the investment has already been reflected in its standing relative to nearby properties.
Frequently Asked Questions
1. What does an "above-average assessed value" actually indicate?
It means the municipal assessment is higher than most comparable homes on the street and in the neighbourhood. This typically reflects factors like recent improvements, superior maintenance, or a premium location within the area, which a buyer should verify during a viewing.
2. Is the basement finished?
The listing notes the basement is "not renovated." Buyers should anticipate an unfinished or partially finished space, which presents both a cost for future development and the flexibility to customize it to their needs.
3. How does the lot size impact daily living?
At just over 3,000 sqft, the lot is smaller than the Winnipeg average. This means lower yard maintenance but also less private outdoor space. It emphasizes the home's positioning as an efficient, neighbourhood-centric property rather than a sprawling one.
4. The home sold three times since 2016. Should that be a concern?
Not necessarily. The sale history shows significant price appreciation, which aligns with market trends. It’s always wise to ask about the reasons for past sales, but the pattern could also indicate a desirable and liquid property in the area.
5. What are the implications of a 1911 build date?
While the home has historic character, it is around the average age for Jessie Avenue. Key points for investigation will be the state of major systems (roof, wiring, plumbing) and the quality of any updates, as upkeep is crucial in a home of this vintage.