Property Overview: 25 Bourkewood Place, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This one-and-a-half storey home, built in 1957, is a classic Jameswood property that presents a straightforward opportunity. Its key characteristic is its position as a solid, no-frills entry point into the Winnipeg housing market. With 937 square feet of living space, a full (but unrenovated) basement, and a 4,999 sqft lot, it offers the essential components of single-family living. The home lacks certain modern upgrades like a garage or a pool, and its assessed value is notably below averages for the city.
Its appeal lies in its affordability and potential. The lot size is near the city-wide average, providing good outdoor space, and the home's age is actually a standout feature for the immediate area, indicating it's among the original builds in a well-established neighbourhood. The last known sale was in 2017, suggesting a longer-term owner, which can be appealing. This property would best suit a first-time buyer, an investor looking for a rental property, or a hands-on individual seeking a home with a lower entry cost where they can gradually make improvements over time. Its value proposition is rooted in practicality rather than luxury.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's specific characteristics—such as its smaller size, lack of major renovations, and absence of features like a garage—within the context of the broader market. It indicates this is a more affordable option compared to the average Winnipeg home.
2. What does "Elite — Top 2%" for the Year Built mean?
This statistical ranking means this home is one of the oldest properties on its street and in the Jameswood area. Built in 1957, it is among the first homes constructed there, which often indicates a well-established, stable neighbourhood.
3. Is the unrenovated basement a major concern?
It is a key consideration. While it provides additional space, it will likely require investment to modernize and finish it to contemporary standards. Buyers should budget for this and have the basement inspected for moisture or foundational issues common in homes of this era.
4. How does the lack of a garage affect daily living and resale?
For many buyers, street parking is a manageable trade-off for affordability. However, it does mean dealing with Winnipeg winters without covered parking, which can be a significant inconvenience. This feature will always narrow the pool of future buyers compared to homes with garages.
5. Can I get the exact historical sale price?
The precise sale price from June 2017 is not publicly displayed. The listing service offers to provide this exact figure manually via email upon request, at no cost and without marketing spam, typically by the end of the same business day.