Property Overview: 891 Jessie Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home in Earl Grey, built in 1911, presents a classic character home with modernized practicality. Its key appeal lies in its balance: it offers above-average assessed value for its immediate neighborhood and street, suggesting a well-maintained or updated property relative to its peers, while providing a comfortable 1,336 sqft of living space. A renovated basement adds functional living area. The lot is a standard city size for the area, offering manageable outdoor space.
The home suits buyers looking for a established, character-filled neighborhood without taking on a full renovation project, thanks to the updated basement. It’s a practical choice for small families, couples, or investors who value a home that performs well on local metrics—its value ranks in the top 30% on its own street—over a sprawling lot or ultra-modern build. A thoughtful perspective is that while the home is older than most in the city, its solid assessed value in a desirable area like Earl Grey indicates it has been cared for and is considered a sound investment within its community context.
Section 2: Frequently Asked Questions
1. What does "above average assessed value for the street" actually indicate?
It suggests that, according to municipal assessment, this property is valued more highly than many of its direct neighbors. This often reflects updates, desirable features, or overall condition that set it apart on the block.
2. Is the living space sufficient for a family?
At 1,336 sqft, plus a renovated basement, the home offers space comparable to the neighborhood average. It is well-suited for a small to medium-sized family, providing typical room layouts for a character home of this era.
3. What are the implications of the 1911 build year?
While older than the city average, the home is typical for the historic Earl Grey area. Buyers should prioritize a thorough inspection to understand the condition of original elements, but also appreciate the charm and established neighborhood feel that come with a century-old home.
4. There's no garage. What are parking options?
The property listing shows no garage. Buyers should verify on-street parking regulations and permits with the city, which is common for homes of this vintage in Winnipeg.
5. How does the last sale price relate to the current assessed value?
The home sold for $40,600 in July 2021. The current assessed value is $37,200. It’s important to note that municipal assessed value is for taxation purposes and can differ from market value; a professional appraisal or market analysis is needed to determine current worth.