Property Overview

This well-situated one-storey home at 698 Jackson Avenue in Winnipeg's Ebby-Wentworth neighbourhood presents a solid, above-average offering for its immediate area. Its key appeal lies in a combination of generous space and a renovated basement, all on a notably large lot. Built in 1955, the home features 1,178 sqft of living space and a detached garage. The data indicates it consistently ranks above average for its street and neighbourhood in critical metrics like living area, assessed value, and land size. Its last known sale was in August 2017 for $330,000.

This property would suit practical buyers looking for a move-in-ready home with room to grow, both inside and out. It's ideal for first-time homeowners seeking a stable investment in a mature community, small families who would appreciate the renovated lower-level space, or anyone who values a larger private yard without being far from the city's amenities. The numbers suggest you're getting more house and land here than is typical for the area, which is a compelling value proposition.

Key Questions & Considerations

1. What does the "above average" ranking actually mean for a buyer?
It means that compared to most similar homes on Jackson Avenue and in Ebby-Wentworth, this property offers more living space, a larger lot, and a higher assessed value. You are essentially getting a home that stands in the top 20-25% of its local peer group for these core features, which often translates to better livability and a stronger footing in the neighbourhood.

2. The assessed value is listed at $38.80k, but it sold for $330k in 2017. Why is there such a difference?
In Manitoba, the assessed value is not the market value. It is a figure used by the municipal government for calculating property taxes, often based on older valuations and specific formulas. The sale price from 2017 is a far more accurate reflection of its actual market value at that time, and any current listing price would be determined by today's market conditions.

3. How usable is the 4,999 sqft lot, and what are the possibilities?
A lot of nearly 5,000 sqft in an established neighbourhood is a significant asset. It provides ample private outdoor space for gardening, recreation, or entertaining. For the future, it may also offer potential for additions like a larger deck, a shed, or even a garage expansion, subject to local zoning bylaws.

4. Are there any concerns with a home built in 1955?
While the renovated basement is a positive update, a home of this age will have core systems—like plumbing, electrical, roofing, and insulation—that are over two decades old. A thorough home inspection is essential to understand the condition and remaining lifespan of these components, which is a typical consideration for any mature home.

5. The home is described as a "one storey." Does it have any stairs?
Yes. While the main living areas are on one level, the presence of a basement means there will be a staircase leading to the lower floor. This is an important layout consideration for accessibility or for those who prefer to avoid stairs entirely. The "one storey" designation refers to the primary above-ground living space.