Property Overview: 609 Jubilee Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Jubilee Avenue in the Lord Roberts neighbourhood is a classic Winnipeg character property, built in 1914. With 1,320 sqft of living space, it offers a comfortable size that is above average for the city and notably spacious for the immediate area. Its core appeal lies in its established, central location and the potential inherent in a well-maintained older home.
The data presents a nuanced picture. The home’s assessed value is notably lower than most comparable properties, which can signal an opportunity for a buyer looking for value or a project. The lot size is compact relative to others on Jubilee Avenue, suggesting lower maintenance but less private outdoor space. This property would best suit a pragmatic buyer who appreciates character homes and is comfortable with the realities of an older build. It’s ideal for someone looking to enter a desirable central neighbourhood, potentially a first-time buyer, an investor, or a downsizer seeking a manageable footprint without sacrificing interior space. The appeal is less about premium finishes or a sprawling yard, and more about location, solid square footage, and the chance to add value over time.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
A lower assessment can be due to various factors, including the home’s age, specific condition, recent market activity, or the methodology used by the assessor. It’s important to note that assessed value is for taxation purposes and does not necessarily equal market value, but a significant discrepancy often warrants a closer inspection to understand the cause.
2. What should I consider with a home built in 1914?
While offering charm, a home of this age requires diligent attention to foundational systems. A thorough inspection is essential to evaluate the state of the roof, plumbing, electrical wiring, insulation, and the foundation itself. Budgeting for ongoing maintenance and potential updates is a key part of ownership.
3. The lot is smaller than others on the street. Is that a major drawback?
This depends on your lifestyle. A smaller lot (3,647 sqft) means less yard work and lower exterior maintenance costs, which can be a positive for many. The trade-off is typically less privacy and smaller outdoor living areas compared to neighbours with larger plots.
4. The home last sold between $250k-$300k in 2022. How useful is that price today?
It serves as a recent benchmark, but the market can change significantly in a few years. This sale price gives a historical reference point, but the current market value will be influenced by recent comparable sales, any improvements made since 2022, and broader economic conditions.
5. Who are the most likely neighbours or buyers for this property?
Lord Roberts is a mature, central neighbourhood. You can expect a mix of long-term residents, young families attracted to the area’s character and proximity to amenities, and professionals working downtown. The compact lot and older home profile might particularly appeal to those seeking a "right-sized" home in a walkable location without the upkeep of a large property.