Property Overview & Key Characteristics

This two-storey home on Jessie Avenue in Earl Grey presents a compelling blend of established character and above-average space. Its primary appeal lies in its generous 6,017 sqft lot, which ranks in the top 5% for the street and top 1% for the neighbourhood, offering rare potential for gardens, expansion, or outdoor living in this mature area. With 1,588 sqft of living space, the home is larger than most comparable properties in both Earl Grey and on its own street. It features a renovated basement, adding to its functional space. The 1911 build date means buyers should anticipate the charm and maintenance considerations typical of a century-old home.

This property would suit a buyer looking for a established neighbourhood with a premium on land size rather than a new build. It's ideal for those who value outdoor space and have a vision for making an older home their own, whether that's through ongoing updates or enjoying the mature landscape. It may also appeal to someone seeking a home with a footprint that stands out from its immediate neighbours, offering more privacy and room to breathe.

Frequently Asked Questions

1. How does the age of the home impact its value and condition?
Built in 1911, the home is older than most in Winnipeg. This often means character details and solid construction, but also requires a thorough inspection for aging components like plumbing, electrical, and the foundation. Its assessed value remains strong for the area, suggesting it has been maintained or updated to preserve its worth.

2. What does the "Elite" land area ranking practically mean for me?
With a lot size in the top 1% for Earl Grey, you have significantly more yard space than the typical neighbourhood property. This allows for possibilities that are rare in the area, such as adding a large deck or garage, creating a substantial garden, or simply enjoying more distance from neighbouring homes.

3. The home sold recently in April 2023. What should I consider?
The recent sale indicates a active market for the property. It's worth investigating what, if any, changes were made by the current owners during their short tenure. Understanding their reason for selling can also provide useful context.

4. There is no garage. How big of an issue is that?
The lack of a garage is a trade-off for the large lot. However, the lot's size means adding a detached garage or a substantial parking pad is a more feasible project here than on a standard-sized city lot, subject to local zoning regulations.

5. The assessed value seems much lower than typical sale prices. Why?
The $40.10k assessed value is for municipal tax purposes only and is not an indicator of market value. Market value is determined by recent sales of comparable homes, location, and condition. You should rely on a current market evaluation or comparative market analysis (CMA) from your agent to understand its likely selling price.