Property Overview: 19 Ladywood Drive, Winnipeg
Key Characteristics & Appeal
This one-storey home on a spacious, roughly 6,000 sqft lot presents a straightforward opportunity in the Jameswood area. Built in 1957, its age is a standout feature locally, ranking among the older and more established homes on its street and in the neighbourhood. The house offers 1,029 sqft of living space with a basement (not renovated) and a detached garage.
Its primary appeal lies in its solid positioning within a stable context. The assessed value of $350k is notably above average for Jameswood, suggesting the property is viewed favorably relative to its immediate peers. For a buyer, this indicates a home that holds its ground in the local market. The lot size is also generous for the area. This combination suits a practical buyer—perhaps a first-time homeowner, downsizer, or investor—who values a established neighbourhood character over a modern build. It’s a property that offers room to grow or customize over time, particularly for someone with plans for the basement or yard, without the premium price of a newer or fully renovated home.
A less obvious perspective is the value of "neighbourhood equity." The home’s above-average assessment in Jameswood, coupled with its older vintage, suggests it contributes to and benefits from a perception of enduring desirability within that specific community, which can be a stabilizing factor.
Frequently Asked Questions
1. How does the assessed value compare to likely selling price?
The assessed value ($350k) is for municipal tax purposes and is a snapshot in time. It can be a useful benchmark, but the actual market price is determined by current buyer competition, condition, and recent sales of similar homes.
2. What does "basement, not renovated" typically imply?
This usually means the basement is functional but retains its original or older finishes, systems, and layout. Buyers should budget for potential updates and have it inspected for moisture, insulation, and the condition of mechanical systems like the furnace.
3. The home is older. What should I be most concerned about?
While the older build date adds character, key focus areas for an inspection would include the roof, foundation, plumbing, electrical wiring (ensuring it's updated from original), and windows. Its age is a point of pride locally but requires due diligence.
4. Is the detached garage a pro or a con?
This depends on preference. It provides flexible storage or workshop space separate from the house. However, it means going outside in Winnipeg winters to access your vehicle, which some find less convenient than an attached garage.
5. The sold price history shows a range. How do I get the exact figure?
Exact sale prices in Manitoba are not publicly posted online. The listing service notes you can email them to request the precise historical sold price, which they provide manually as a courtesy service.