Property Overview: 587 Jubilee Avenue, Lord Roberts, Winnipeg
Key Characteristics & Appeal
This home at 587 Jubilee Avenue is a character property built in 1913, offering a blend of established neighbourhood charm and practical space. Its primary appeal lies in its generous 1,668 sqft living area, which ranks in the top 15% for size on its street and the top 5% within the desirable Lord Roberts neighbourhood. This suggests a home with ample room for living, significantly larger than many local comparables. The assessed value is consistent with averages on Jubilee Avenue and across Winnipeg, indicating a fair market positioning.
The property suits buyers looking for a character home in a mature, central neighbourhood who prioritize interior space over a large yard, as the lot size is more compact than others on the street. It’s a practical choice for those who value established communities and are comfortable with the maintenance considerations of a century-old home. A thoughtful perspective is that this home represents an opportunity to own a spacious interior in a prime area without the premium often attached to larger lots, potentially offering better value for square footage under a roof rather than on the land.
Frequently Asked Questions
1. How does the home’s age affect its value and upkeep?
Built in 1913, the home is older than most on its street and in the city. This can mean character and solid construction, but buyers should budget for potential updates to systems like wiring or plumbing and anticipate maintenance consistent with a century-old property.
2. The lot seems smaller than others on Jubilee Avenue. Is that a concern?
Yes, the land area is notably smaller than the average for Jubilee Avenue. This likely means a smaller yard, which reduces outdoor maintenance but also limits expansion possibilities. It’s a trade-off that prioritizes the dwelling’s interior space over outdoor private space.
3. The living area is ranked very high. What does that actually mean?
It means this home offers significantly more interior square footage than most comparable homes in Lord Roberts and on its street. For buyers seeking space, this is a major advantage, suggesting a layout with larger or more rooms than is typical for the area.
4. What can the 2022 sold price range tell me?
The previous sale in the CA$350k–400k range provides a recent market benchmark. Comparing this to the current assessed value can help gauge market trends and the property’s potential price trajectory, though exact conditions have changed since 2022.
5. How do the rankings for this property compare across different areas?
The home’s rankings vary: its size is elite in Lord Roberts but above average city-wide, while its lot size is below average on its street but around average for the neighbourhood. This highlights that its strengths and trade-offs depend on the scale of comparison—whether you value it against immediate neighbours, the broader area, or the entire city.