Property Overview: 43 Ladywood Drive, Winnipeg
Key Characteristics & Appeal
This two-storey home in Jameswood offers a practical and well-positioned offering. Its key feature is a renovated basement, adding valuable finished living space to the 1,324 sqft footprint. Built in 1957, the home is notably older than many in the immediate area, which can suggest a more established streetscape and mature landscaping, but buyers should be mindful of the potential for age-related maintenance.
The appeal lies in its strong positional metrics. The living area is in the top 5% on its own street and top 2% within the wider Jameswood area, meaning it offers more interior space than most comparable homes nearby. Its assessed value also ranks in the top 10% for Jameswood, indicating it is perceived as a above-average property for the neighbourhood. The lot, while slightly below average in size for Ladywood Drive, is typical for Jameswood overall.
This property would suit a buyer looking for a move-in-ready home with ample finished space in a stable neighbourhood. It’s ideal for someone who values a home that stands out in its local context for size and perceived value, rather than a large yard. It may also attract those who appreciate the character of an older home but want the modern convenience of a renovated lower level.
Frequently Asked Questions
1. How does the home’s age impact its value and appeal?
While older than most on its street, the 1957 build date is actually elite for the broader Jameswood area. This can mean charming architectural details and an established lot, but a thorough inspection is advised to understand the condition of major aging components like the roof, windows, and plumbing.
2. The assessed value seems low compared to the city-wide average mentioned. Why?
The city-wide average comparison figure appears to be a data error (showing 390k vs. ~35k). The meaningful comparisons are local: the home’s assessment is above average for Jameswood and average for its own street, confirming its solid standing in the immediate market.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the quality of the finish, ceiling height, necessary permits, and whether it includes a bathroom or legal secondary suite potential.
4. There is no garage. What are the parking options?
The property has no garage. This is a trade-off for the larger living space and should be factored in. Buyers should verify the driveway capacity and on-street parking regulations.
5. The home sold in 2022. What can that price history tell me?
The sold price range from 2022 provides a recent benchmark, showing appreciation from its assessed value at that time. This indicates a active market. For the exact sale price to aid your offer strategy, you can request it directly from the listing service.