Property Overview
This home at 1032 Jessie Avenue in Winnipeg's Rockwood neighborhood presents a specific value proposition. Its appeal lies in its position as a well-maintained, established property in a mature area, offering a balance of space and price that stands out within its immediate surroundings.
Key Characteristics & Ideal Buyer
Built in 1941, this 1,008 sqft home sits on a roughly 4,000 sqft lot. The data reveals a compelling narrative: while the living space is below the citywide average, the property’s assessed value of $380k is notably above average for both its street and the broader Rockwood area. This suggests it is perceived as a premium offering within its local context, likely due to factors like condition, updates, or lot desirability that aren't captured by square footage alone.
Its appeal is rooted in value relative to its immediate peers. For the price, you acquire a home that ranks higher in value than most on the block and in the neighborhood, indicating a solid investment within that community. It would suit a practical buyer who prioritizes a established neighborhood character over sheer size—someone looking for a manageable, potentially updated home without paying a premium for the largest footprint on the street. It’s a sensible choice for first-time buyers or downsizers seeking a stable, well-regarded property in a mature area without the upkeep of a massive lot or an older, more dated home common on the street (which averages a 1923 build year).
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the listing or market price?
Assessed value is for municipal tax purposes and is not a formal appraisal. That this home's assessment is above local averages is positive, but market conditions, specific home features, and recent renovations will ultimately determine its sale price.
2. How does the home's size compare to others nearby?
At 1,008 sqft, the living area is smaller than the average home on Jessie Avenue but is close to the average for the Rockwood neighborhood. This indicates the home offers a more compact layout compared to its direct neighbors, but is typical for the wider area.
3. What does the sold price history from 2016 tell us?
The home sold for an estimated $250k-$300k in mid-2016. The significant increase to its current $380k assessment reflects broader market appreciation over nearly a decade and possibly improvements made to the property during that time.
4. The home was built in 1941. Should I be concerned about major repairs?
While the build year is older, it is notably newer than the average home on its street (1923). This relative advantage suggests it may have had updates over time. A thorough inspection is always recommended to understand the current state of major systems like plumbing, electrical, and the roof.
5. How can I get the exact historical sold prices for this property?
The provided data shows estimated price ranges. To obtain verified, exact sale figures, you must request a manual lookup from the site via email, as they do not display MLS sold records due to industry regulations.