687 Jubilee Avenue

Property Overview: 687 Jubilee Avenue, Lord Roberts, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a classic Winnipeg character property, built in 1911, offering a blend of historic charm and practical living in the established Lord Roberts neighbourhood. With 1,146 sqft of living space, it sits comfortably within the average range for similar homes in the area, suggesting a manageable size for a small family, couple, or downsizer. The lot size of 3,653 sqft is modest for the street but typical for the neighbourhood, offering a lower-maintenance yard.

Its primary appeal lies in its value proposition and location. The home’s assessed value is notably below average compared to similar properties on its street, in Lord Roberts, and across Winnipeg. This could indicate a more accessible price point for the area, presenting an opportunity for a buyer seeking entry into a mature neighbourhood, possibly with the intention of adding value through updates. The location on Jubilee Avenue places it within a walkable, tree-lined community with easy access to amenities like parks, schools, and likely transit routes.

This property would best suit a pragmatic buyer who appreciates older home character but is comfortable with a home that may require modernization. It’s a practical choice for a first-time homeowner looking for a solid foundation in a good neighbourhood, or an investor seeking a property with clear potential. The below-average assessments across multiple metrics suggest a buyer should be prepared for a thorough inspection to understand the condition and any needed investments.

Section 2: Frequently Asked Questions

1. What does the "below average" assessed value actually mean for a buyer?
A lower assessed value than comparable homes often suggests the property may not have been recently renovated or may have features the assessor valued lower. It can signal a more affordable purchase price, but it’s essential to understand why—through a professional inspection—as it may also indicate upcoming capital costs.

2. Is the smaller lot size a disadvantage?
While the lot is smaller than many on Jubilee Avenue, it is around the neighbourhood average. This can be an advantage for those seeking less yard maintenance. The trade-off is potentially less private outdoor space, but it still allows for a garden or patio area.

3. As a 115-year-old home, what should I be most concerned about?
Key systems for any home of this age should be carefully evaluated: the foundation, roof, plumbing, and electrical wiring. The charm of original features is a plus, but ensuring the core structure and essential utilities are sound is the priority.

4. How does the sold price history help me?
The listed sale in the 2022 range gives a recent market benchmark. Understanding what it sold for then, in the context of its assessed value and comparable sales today, helps gauge market trends and the property’s potential current value.

5. Who are the most likely neighbours or community members?
Lord Roberts is a long-established, stable neighbourhood. You can expect a mix of long-term residents who value the community feel, along with younger families and professionals attracted to its central location and character homes.