Property Summary: 731 Jessie Avenue

Key Characteristics & Appeal

This home is a classic one-and-three-quarter storey character property in the established Earl Grey neighbourhood, built in 1910. With 1,040 sqft of living space, it offers a compact and efficient layout. The assessed value of $290,000 positions it as a more accessible entry point within the city, especially when compared to the Winnipeg-wide average. The lot size of just under 3,000 sqft is modest for the street but typical for the area, suggesting a lower-maintenance yard.

Its primary appeal lies in its location within a desirable, central neighbourhood and its value proposition for a character home. The data indicates it's a property with solid fundamentals rather than standout metrics, offering a realistic opportunity in a sought-after area. It would suit a first-time buyer or a downsizer seeking neighbourhood character over square footage, who is comfortable with a home of this vintage and an unrenovated basement. A thoughtful perspective is that its smaller scale and lot could mean lower utility costs and less upkeep, allowing owners to invest time and resources into personalizing the interior spaces.

Frequently Asked Questions

1. How does this home compare in size to others nearby?
At 1,040 sqft, the living area is below the average for Jessie Avenue itself but is quite close to the average for the broader Earl Grey neighbourhood, indicating it's a comfortably sized home for the area.

2. Is the assessed value a good indicator of the likely sale price?
The $290,000 assessment is below the city-wide average for comparable homes. While sale prices are market-driven, this suggests the home may be positioned in a more affordable range, but recent sales of similar properties in the area should be reviewed for a clearer picture.

3. What should I know about a house built in 1910?
A home of this age offers charm and established neighbourhood roots but requires a mindful inspection. Key focuses should be the foundation, roof, wiring, plumbing, and heating systems to understand their condition and any potential updates needed.

4. The lot seems smaller than others on the street. Is that a concern?
The lot is in the smaller tier for Jessie Avenue but is near the average for Earl Grey. This isn't uncommon for older central neighbourhoods and can be a benefit for those seeking less outdoor maintenance while still having private yard space.

5. What does "unrenovated basement" typically imply?
This usually means the basement retains its original or older-state finishes, utilities, and layout. It presents a blank canvas for future finishing but should be carefully checked for moisture, ceiling height, and the condition of essential systems like the furnace and hot water tank.