Property Overview: 537 Jubilee Avenue, Lord Roberts, Winnipeg
Key Characteristics & Appeal
This home is a classic 1948 bungalow on a generous 4,956 sqft lot in the established Lord Roberts neighbourhood. Its primary appeal lies in its strong positioning within a desirable, central area. While the 896 sqft living space is modest and below the city average, the property compensates with a lot size that is significantly above average for the Lord Roberts area itself, offering valuable outdoor space and potential. The assessed value is notably above average for the neighbourhood, suggesting the market recognizes its desirable location and lot value.
This property would suit a first-time buyer or downsizer looking for a manageable footprint in a prime location, who values a larger yard over a large house. It’s also a candidate for a long-term holder who appreciates character and the option to renovate or expand in the future, given the substantial lot. A less obvious perspective is that, for its era, the 1948 build date is relatively newer compared to many homes on its street and in Lord Roberts, potentially meaning fewer concerns with some antiquated building practices common in earlier decades.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
The living area is below average for Jubilee Avenue and Winnipeg overall, but this is balanced by a lot size that is larger than most in the immediate Lord Roberts area, which is known for smaller parcels.
2. Is the assessed value high for the neighbourhood?
Yes. The assessed value ranks in the top 27% for Lord Roberts, meaning it is above the neighbourhood average. This often reflects the combined value of its location and lot size.
3. What does the sold price history indicate?
The home sold between $300,000 and $350,000 in 2024. This price range placed it in the top 26% of sales on its street and top 17% within Lord Roberts at the time, confirming strong buyer demand for properties in this location.
4. How does the year built affect this property?
Built in 1948, the home is newer than many on its street and in the broader neighbourhood, where average build years are 1931 and 1933 respectively. This could be an advantage, but a thorough inspection is always recommended for a home of this age.
5. What is the potential here for a future renovation or addition?
The combination of a modestly sized home on a larger-than-average lot for the area creates a clear opportunity. Subject to zoning and permits, the lot provides the space to potentially expand the living area or create significant outdoor living spaces.