Property Overview: 489 Jubilee Avenue, Lord Roberts, Winnipeg

Key Characteristics & Appeal

This home at 489 Jubilee Avenue is a character property built in 1910, offering a blend of historic charm and practical space on a notably generous lot. Its primary appeal lies in its land size: at over 7,200 square feet, the lot is exceptionally large for the Lord Roberts neighbourhood, ranking in the top 4% of the area. This presents a rare opportunity for gardening, expansion, or simply enjoying ample private outdoor space in a central location. The living area of 1,386 sq ft is comfortably above average for both the street and the neighbourhood.

The home’s assessed value is positioned below average for its street and the city, which may reflect its older vintage but also suggests potential value for a buyer willing to invest in updates. It suits a specific buyer: someone seeking a character home with significant lot size who is prepared for the maintenance or thoughtful renovation that comes with a century-old property. It’s less suited for those seeking a modern, turn-key home, but ideal for a buyer who values space, history, and the potential to add personal value over time.

Frequently Asked Questions

1. What does the "below average" assessed value indicate?
It primarily reflects the home's older age (1910) compared to neighbourhood averages. It doesn't necessarily reflect current market value but can indicate a lower property tax base and potential for value increase through updates.

2. How significant is the lot size?
Very. The lot is over twice the average size for homes citywide and is a standout feature for Lord Roberts. This is a long-term asset that adds privacy, potential, and is unlikely to be replicated in newer builds.

3. What should I consider with a 1910 build date?
Expect character features but also the need for thorough inspections for foundational, electrical, and plumbing systems. While it has stood for over a century, its maintenance and upgrade history will be crucial.

4. The home sold recently in 2023. Is that a concern?
Not inherently. The sale within the last two years simply means the current market value is relatively recent. It’s important to understand why it is being sold again so soon, which could range from a change in circumstance to a completed renovation.

5. How does it compare to the nearby newer homes on Beresford Avenue?
It’s a different proposition. Those are modern homes with higher assessments on standard lots. 489 Jubilee offers historic charm and a much larger yard but will likely require more ongoing upkeep or investment compared to a 2019 build.