538 Jubilee Avenue

Property Overview: 538 Jubilee Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 538 Jubilee Avenue in the Lord Roberts neighbourhood is a compact, post-war bungalow built in 1947, sitting on a notably generous lot for the area. Its key appeal lies in its position as a relatively affordable entry point into a mature, central neighbourhood. With 791 sqft of living space, the house itself is below average in size for the street and city, suggesting a cozy layout suited for a smaller household. However, its 5,502 sqft lot ranks well above average for Lord Roberts, offering valuable outdoor space and potential for expansion or gardening that is rare for the locale.

The property’s assessed value is around average for the city but above average for the immediate neighbourhood, indicating it is perceived as a solid asset within a desirable pocket of Lord Roberts. Recent sale history shows steady value appreciation. This home would best suit first-time buyers, downsizers, or investors looking for a character home with a land-value emphasis. Its appeal is practical: lower maintenance due to its smaller footprint, coupled with the long-term upside of a large lot in an established community. A thoughtful perspective is that while the house may require updates common for its age, the lot size provides a tangible asset that newer infill properties in the area often lack.

Section 2: Frequently Asked Questions

1. Is the house too small for a growing family?
At 791 sqft, the living space is compact. It would suit a couple, a small family, or a single individual comfortably. The generous lot size does provide room for a future addition, subject to zoning and permits, which is a key consideration for buyers planning to grow into the property.

2. How does the lot size compare to nearby properties?
The 5,502 sqft lot is a standout feature. It ranks in the top 11% within the Lord Roberts neighbourhood, meaning it is significantly larger than most lots nearby, offering more privacy and outdoor space.

3. What does the sale history tell us about its value?
The home sold between $300k-$350k in 2024 and $250k-$300k in 2019. This indicates strong appreciation over a five-year period, performing better than many comparable sales on the same street and in the wider area during that time.

4. Are homes from 1947 expensive to maintain?
Like any home nearing 80 years old, proactive maintenance is key. Buyers should budget for potential updates to major aging components like plumbing, electrical, or the roof. The advantage is that the construction era is simple and sturdy, often making repairs more straightforward than in older, more ornate homes.

5. Why is the assessed value higher for the neighbourhood than for the city?
The assessment reflects the property’s value relative to its immediate surroundings. Being above the neighbourhood average suggests that, within Lord Roberts, this property’s attributes (like its lot size and building) are considered superior to many of its closest comparables, even if it aligns with the broader Winnipeg average.