14 Leicester Square

Property Overview

This one-storey home at 14 Leicester Square in Winnipeg's Jameswood neighbourhood presents a specific and straightforward value proposition. Built in 1957, it sits on a roughly 5,400 sqft lot and offers just over 1,000 sqft of living space. The data indicates its primary appeal is its exceptionally low property tax burden, due to an assessed value that ranks at the very bottom of its immediate street and below average for the wider area. Recent sale prices have been consistently low, reflecting this. The home suits a very practical buyer: someone seeking the absolute minimum in ongoing property taxes, who is comfortable with a smaller, older home, and who may view the land itself as the primary long-term asset. It's not a home for those seeking modern finishes or ample space, but rather for a budget-conscious purchaser, perhaps a first-time buyer willing to renovate over time or an investor looking for a low-cost entry into the market.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
Property assessments are based on a home's market value and characteristics. This home's smaller size, age, and specific location result in a municipal assessment that is significantly below the Winnipeg average, which translates to notably lower annual property taxes.

2. What does the "Elite" ranking for Year Built mean?
This can be counterintuitive. In this context, "Elite" means it is one of the oldest homes on its street and in Jameswood, as rankings favour newer builds. It highlights the established, mature nature of the neighbourhood but also signals that the home itself likely requires attention to its aging components, like roof, wiring, or plumbing.

3. Who would this property be a good fit for?
It best suits a value-driven buyer whose priority is minimizing monthly carrying costs. This could be a first-time homeowner with renovation skills, an investor looking for a rental property with low tax overhead, or someone seeking a modest, no-frills residence in an established area.

4. How reliable are the sold price ranges shown?
The ranges are derived from publicly available data. For precise sale figures, you must request the exact history via email. This manual process ensures accuracy, as not all transaction details are fully disclosed in public records.

5. The home has no basement or garage. What should I consider?
The lack of a basement significantly reduces storage space and potential for a secondary suite or recreational area. The absence of a garage means all parking and storage must be accommodated on the driveway or within the home's footprint, a key consideration for vehicle owners or those with belongings to store.