Property Overview: 480 Jubilee Avenue, Lord Roberts, Winnipeg
Key Characteristics & Appeal
This is a well-established character home built in 1923, offering a classic footprint with 1,100 sqft of living space. Its assessed value is notably above average for the Lord Roberts neighbourhood, suggesting it is a solidly maintained or updated property within a desirable area. The lot size, while below average for Jubilee Avenue, is actually above average for the neighbourhood overall, providing a balanced outdoor space without excessive maintenance.
The primary appeal lies in its strong positional value. It sits in a mature, sought-after community where it represents a sound investment, outperforming many local and city-wide comparables in key metrics. Recent sale history indicates steady appreciation. This home would suit a buyer looking for a move-in ready character property in a prime location, who values neighbourhood prestige and stability over a brand-new build or an oversized lot. It’s a practical choice for professionals, small families, or downsizers who want the charm of an older home without being at the lower end of the area’s market.
Frequently Asked Questions
1. How does this home’s value compare to others in the area?
The home’s assessed value ranks in the top 21% for the Lord Roberts neighbourhood, meaning it is valued higher than most comparable homes nearby. This typically indicates above-average condition, updates, or desirable lot attributes.
2. Is the lot size a disadvantage?
While the lot is smaller than others on Jubilee Avenue, at just over 4,000 sqft it is still larger than the average lot in Lord Roberts. It offers a manageable yard space that is easier to maintain, which can be a benefit for many buyers.
3. What can the sale history tell us?
The property sold in the $350k-$400k range in 2022, a significant increase from its $250k-$300k sale price in 2017. This strong appreciation trend highlights the property’s and area’s desirability over the last several years.
4. Given its age, what should I be prepared for?
Built in 1923, this home is over a century old. Prospective buyers should budget for and expect the maintenance typical of a character home, such as potential updates to plumbing, electrical, or original windows, even if the house is in good current condition.
5. Who are the typical neighbours?
The immediate surrounding homes on Jubilee Avenue are of a similar vintage, suggesting a streetscape of established character homes. Nearby listings on Beresford Avenue show newer infill construction (2019), indicating a neighbourhood that is blending its historic charm with modern updates.