Property Overview: 35 Silverwood Bay, Winnipeg
Key Characteristics & Appeal
This one-storey home in Jameswood presents a solid, no-fuss opportunity. Built in 1957, it stands out for its age within the immediate area, ranking among the oldest and most established homes on the street and in the neighbourhood. This can suggest a well-proven location and mature landscaping. The house itself, at 1,092 sqft, offers an above-average living space for Jameswood, providing comfortable room within a manageable footprint. The lot is a generous size, offering ample outdoor space relative to many city properties.
Its primary appeal lies in its straightforward, grounded profile within a stable community. The detached garage adds practical utility. It suits a buyer looking for a character home from the 1950s without the premium often attached to newer builds, or someone who values a larger lot and more interior space than is typical for the area at this price point. It’s a practical choice for a first-time buyer, a downsizer seeking single-level living, or an investor attracted to a house with proven, steady value in a long-established neighbourhood.
Frequently Asked Questions
1. How does this home’s value compare to its recent sale price?
The home sold in mid-2020 for an estimated $245k-$275k. Its current assessed value is $310k. This increase reflects broader market trends, but a buyer should investigate recent comparable sales and current condition for today’s market value.
2. What does it mean that this is one of the older homes in the area?
While the home is older than many in Winnipeg, it is actually among the first built in this part of Jameswood. This can mean a prime, central location within the neighbourhood and mature trees, but it also underscores the importance of a thorough inspection for updates to major systems like plumbing, electrical, and the roof.
3. Is the living space larger than average?
Yes. For Jameswood, the living area ranks in the top 26%, meaning it offers more interior space than about three-quarters of comparable homes in the neighbourhood. This is a key advantage for the area.
4. What are the implications of having no basement?
This eliminates concerns about basement flooding or moisture issues, which is a significant plus in Winnipeg. However, it also reduces storage and potential recreational space. The generous lot size can partially offset this by allowing for a shed or garden space.
5. The assessed value ranks higher citywide than in the immediate area. What does this indicate?
This suggests the home holds its value well on a city-wide scale, but is priced more accessibly within its own desirable neighbourhood of Jameswood. It points to the property being a competitively priced option within that specific community.