Property Overview: 867 Jessie Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home in the established Earl Grey neighbourhood, built in 1923. Its primary appeal lies in its balance of a smaller, manageable footprint with a generous, above-average lot size for the area (over 4,000 sqft). The home itself is modest at 836 sqft, placing it below the average size for comparable local homes, but it features a renovated basement, adding functional living space. Without a garage or pool, the property presents a low-maintenance profile. The assessed value is consistently around the average for its immediate street and neighbourhood, suggesting it is priced in line with local expectations.
Its charm is grounded in practicality. It suits first-time buyers seeking an entry point into a desirable area without the upkeep of a larger house, or downsizers looking to maintain a garden or outdoor space without the burden of extensive interior square footage. The renovated basement adds valuable flexibility for a home office, guest space, or recreation room. A thoughtful perspective is the lot's potential; the sizable land offers room for expansion, a dedicated garden, or outdoor living areas that the interior space lacks, providing a clear avenue for adding future value.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The data suggests it is priced typically for the area. Its assessed value is around the average for both Jessie Avenue and Earl Grey, indicating it's not overvalued relative to its immediate peers, though the living space is smaller than many.
2. What is the real living space like with a renovated basement?
While the main floor is 836 sqft, the renovated basement effectively doubles the usable living area. This makes the home feel more spacious than the official above-ground square footage implies, accommodating needs like a separate family room or extra bedrooms.
3. Who would this property not suit?
It may not suit buyers who require ample above-ground bedrooms, multiple bathrooms, or dedicated parking like a garage. Families needing significant immediate space or those averse to older home maintenance (it's over 100 years old) might find it limiting.
4. How does the lot size compare?
This is a standout feature. The land area is above average for both the street and the wider Earl Grey area, offering more outdoor space than many neighbouring properties. This is a key asset for privacy, gardening, or future projects.
5. What does the sale history indicate?
The home has sold three times since 2019, with sale prices rising from $267k to $360k in 2023. This shows active market interest and price appreciation, though recent buyers should focus on current market conditions for the most relevant valuation.