Property Overview & Key Characteristics
This home at 602 Jubilee Avenue in Winnipeg's Lord Roberts neighbourhood presents a classic, grounded opportunity. Built in 1912, it is an older character home on a notably generous lot for the area. Its appeal lies in its established location and the tangible value of its land. The 5,507 sqft lot size ranks in the top 11% within Lord Roberts, offering above-average outdoor space and future potential that is increasingly rare in mature neighbourhoods. While the 1,200 sqft living area is modest and the home itself is older than many on its street, its assessed value sits comfortably above average for the local area, suggesting a solid foundation of perceived worth.
This property would suit a pragmatic buyer who values space over newness. It’s ideal for someone comfortable with the upkeep of a century-old home or who sees value in a substantial lot, whether for gardening, expansion, or long-term investment. It’s less suited for those seeking a modern, turn-key property without renovation plans.
Frequently Asked Questions
1. How does the age of the home (1912) affect its value and appeal?
While the home is older than most on its street and in the city, this is balanced by its character and the established, sought-after nature of Lord Roberts. The age primarily signals the potential for heritage charm but also the likelihood of ongoing maintenance or needed updates, which is reflected in its assessment.
2. The lot size is highlighted as a key feature. Why is that significant?
In a mature neighbourhood like Lord Roberts, large lots are a finite resource. A lot of over 5,500 sqft provides uncommon privacy, space for additions, or a large garden compared to newer subdivisions, offering a different kind of value that isn't solely about the house's square footage.
3. The home last sold between 2017-2025 for an estimated $250k-$300k. Why is the exact price not listed?
Exact sale prices are not always publicly available in Manitoba. The range provided is based on public data, and the listing service offers to provide the precise figure via email upon request to ensure accuracy for serious buyers.
4. How does this home compare to others in Lord Roberts?
The data shows it's a mix: its lot size is well above the neighbourhood average, its assessed value is in the top 16%, but its living area is slightly below average. This indicates you're purchasing a premium-sized property with a modestly-sized, older home on it.
5. What is the immediate neighbourhood like?
Being on Jubilee Avenue, the property is surrounded by similar homes, as shown by the several listings on the same block. Lord Roberts is a central, established area known for its tree-lined streets and proximity to amenities like parks, the river, and Osborne Village.