922 Jessie Avenue

Property Summary: 922 Jessie Avenue, Winnipeg

Key Characteristics & Appeal

This is a substantial, classic two-storey home in the established Earl Grey neighbourhood. Its primary appeal lies in its exceptional size and prestigious local standing. With over 2,600 square feet of living space, it ranks in the top 1% of homes on its street, in Earl Grey, and citywide for sheer square footage. The lot is also notably generous for the area. While the home retains its original, unrenovated basement, this presents a significant opportunity for customization. The assessed value is elite for the immediate area, reflecting the premium for its scale and location.

This property would perfectly suit buyers looking for a spacious family home in a prime, central neighbourhood, who have the vision and budget to tailor a space to their own tastes. It’s ideal for those who value room to grow over move-in-ready finishes and see the potential in a solid, well-proportioned structure. A less obvious angle is its appeal to multigenerational families or those needing dedicated work-from-home spaces, where the ample square footage allows for flexible layouts that newer, smaller homes cannot accommodate.

Frequently Asked Questions

1. What does "basement not renovated" imply?
It indicates the basement remains in its original condition. Buyers should budget for potential updates to suit modern needs, but this also means there are no poorly executed DIY renovations to undo.

2. The assessed value seems low compared to the sale price. Why?
Municipal assessed value for tax purposes often lags behind current market values, especially in desirable neighbourhoods. The recent sale price is a more accurate reflection of its market worth.

3. How does the age of the home (1950) factor in?
While newer than many homes on the street, a 1950s build may still have original systems like plumbing or wiring that could require inspection and potential updating, alongside its classic charm and sturdy construction.

4. There's no garage. Is parking an issue?
The property does not include a garage. However, the large lot may offer space for a future garage or driveway expansion, subject to local bylaws. On-street parking is typical for the area.

5. The home ranks "around average" citywide for land size. Why?
While the lot is large for the inner-city Earl Grey area, it is compared against all Winnipeg properties, including newer suburban lots which are often larger. Within its established neighbourhood context, the land parcel is a significant asset.