607 Jubilee Avenue

Property Overview

This home at 607 Jubilee Avenue in Winnipeg's Lord Roberts neighbourhood presents a classic character home built in 1914. Its key appeal lies in its established, central location and a living space that is comfortably above average for both the immediate area and the wider city. With 1,320 sqft of living area, it offers more interior space than many comparable homes in Winnipeg. The assessed value is positioned around the middle range for the street and neighbourhood, suggesting a fair valuation in line with the market.

The property would suit a buyer looking for a character home in a mature neighbourhood without the premium often attached to larger lots. It's a practical choice for those who prioritize interior space and location over extensive outdoor land, as the lot size is notably smaller than others on Jubilee Avenue. This makes it potentially easier to maintain and could appeal to first-time buyers, downsizers, or investors seeking a manageable property in a desirable area.

Frequently Asked Questions

1. How does the lot size impact this property?
While the land area is smaller than most on its street, it is close to the average for the Lord Roberts neighbourhood overall. This typically means lower maintenance and may result in slightly lower property taxes, but offers less private outdoor space.

2. What does the "above average" living area ranking mean?
The home ranks in the top 17% for living area within Lord Roberts, meaning it offers more interior square footage than most homes in the neighbourhood. This is a significant advantage for a character home, providing more room than typical comparables.

3. Is the 1914 build date a concern?
The year built is older than the city-wide average, which is common for established neighbourhoods. Prospective buyers should prioritize a thorough inspection to understand the condition of major systems, potential updates needed, and the charm that comes with a century-old home.

4. How current is the assessed value compared to the likely selling price?
The assessed value is an administrative figure for tax purposes. The last known sale was between $250k-$300k in 2020. The current market value will be influenced by recent updates, market conditions, and buyer demand, which may differ from the assessed value.

5. What are the benefits of the Lord Roberts location?
Lord Roberts is a central, mature neighbourhood near the Jubilee Avenue corridor. It offers convenience, established tree-lined streets, and proximity to amenities, schools, and parks, contributing to its enduring appeal.