Property Overview & Key Characteristics

This property at 1007 Jessie Avenue in Winnipeg's Rockwood neighbourhood presents a unique opportunity centred on land value and potential. Its primary appeal lies in its lot size, which is larger than 58% of others on the street and an impressive 92% within the neighbourhood, offering a solid footprint in a well-established area. The assessed value is notably low, ranking in the top 6% for the neighbourhood, which suggests a property ripe for improvement or redevelopment rather than a move-in-ready home. Key details like the year built, living area, and the presence of a basement or garage are not listed, indicating this may be a vacant lot or a very basic structure.

It would suit a specific type of buyer: investors, builders, or hands-on purchasers looking for a blank canvas or a value-add project. Its appeal is for those focused on land asset accumulation and future potential, rather than immediate occupancy or conventional amenities. A less obvious perspective is that this property could serve as a strategic entry point into a mature neighbourhood where larger, renovated homes (like the comparable properties on Dorchester and Yale Avenues) hold significant value, allowing for a long-term hold or build-to-suit strategy.

Frequently Asked Questions

1. Is this a vacant lot or a house?
Based on the provided data, specific details like living area, year built, and features (basement, garage) are not listed, which strongly suggests it may be a vacant residential lot. Prospective buyers should confirm the exact nature of the property with the listing agent.

2. Why is the assessed value so much lower than nearby homes?
The assessed value of $18,600 is significantly lower than other referenced homes in the area. This typically indicates there is little to no improved structure on the land, so the valuation is based almost entirely on the lot itself.

3. What is the neighbourhood like?
Rockwood is an established Winnipeg neighbourhood. The listing shows comparisons to various nearby areas, including Crescentwood and Earl Grey, suggesting proximity to desirable, character-filled communities with higher-value homes.

4. Who would this property be best for?
This property is best suited for investors, developers, or buyers planning a custom build. It is a project-oriented purchase for someone focused on the value of the land and its future potential, not a turn-key home.

5. How does the lot size compare?
The land area of 3,028 sq ft is a key feature. It ranks larger than most lots on its street and in the wider Rockwood area, providing a good amount of space for building or landscaping relative to its surroundings.