Property Overview: 45 Leicester Square, Winnipeg
Key Characteristics & Appeal
This is a compact, one-and-a-half storey home in Jameswood, built in 1957. With 988 square feet of living space and a renovated basement, it offers a practical layout on a standard 5,300 sqft lot. The home's standout characteristic is its age: it ranks among the very oldest homes on its street and in the wider Jameswood area, which can imply a well-established neighborhood character and mature landscaping. Its assessed value is consistently average for its immediate vicinity, suggesting it aligns with local market expectations rather than standing out as over- or under-valued.
The appeal lies in its position as a straightforward, no-frills property in a mature neighborhood. It suits first-time buyers, downsizers, or practical investors looking for an entry point into the Winnipeg market without premium costs for extras like a garage or pool. The renovated basement adds functional living space, a key update for a home of this era. A thoughtful perspective: its "average" metrics across the board might be seen as a stability advantage—it's less likely to carry the price volatility or premium taxes associated with highly unique or top-tier-ranked properties, offering a predictable ownership experience.
Frequently Asked Questions
1. What does the "Elite" ranking for Year Built mean?
It indicates this home is among the oldest (top 2-3%) in its immediate area. This isn't about luxury, but about the home's historical placement in the neighborhood's development.
2. How does the living area compare to typical Winnipeg homes?
At 988 sqft, it's below the city-wide average for living space. This confirms it's a more compact home, better suited for individuals, couples, or small families.
3. Is the assessed value a reliable indicator of the selling price?
The assessed value ($31,500) is for municipal tax purposes. Notably, the last recorded sold price range (2020) was lower, between $25.5k and $28.5k. Market conditions, property condition, and renovations will determine the actual sale price.
4. What are the implications of not having a garage?
This is a common feature for homes of this age and style. Buyers should budget for alternative parking solutions and consider the impact on winter convenience and storage needs.
5. You mention a renovated basement. What isn't specified?
The details, quality, and permits for the renovation are not provided. A prospective buyer should investigate the scope of the work, what it includes (e.g., moisture control, egress windows), and ensure all upgrades are properly documented.