Property Overview
This one-and-a-half storey home at 574 Whytewold Road in Winnipeg's Jameswood neighborhood presents a practical opportunity. Built in 1957, it's notably newer than many homes on its street and in the immediate area, which can mean fewer concerns about outdated core systems. With 988 square feet of living space and a renovated basement, it offers a compact but functional layout. The assessed value of $300k is aligned with the local market, positioning it as an accessible entry point. The lot is modest at just under 5,000 square feet, resulting in lower maintenance but less private outdoor space.
Its primary appeal lies in its move-in-ready condition within a stable, established community. It suits first-time buyers seeking affordability without a major project, or downsizers looking for a manageable home. A less obvious angle is its potential as a strategic hold; its newer build year relative to the area could be a long-term advantage as neighboring, older homes eventually require more significant updates. It’s a home for those who value practicality and location over size, with the renovated basement adding valuable flexible space.
Frequently Asked Questions
1. How does the lot size impact the property?
At 4,996 sqft, the lot is smaller than many in Jameswood. This translates to less yard maintenance, which is a plus for many, but also means more limited outdoor privacy and space for expansions like a large deck or addition.
2. The home is noted as "newer" for the area. Why does that matter?
Being built in 1957 makes it significantly newer than the area average (1949 for Jameswood). This often suggests that major components like wiring, plumbing, and the foundation may have more modern standards, potentially reducing the risk and cost of near-term upgrades.
3. What does the "around average" assessed value indicate?
An assessed value at the neighborhood average suggests the property is priced in line with local norms, not over- or under-valued by the assessor. It provides a stable, predictable base for property taxes and is a good benchmark, though the final sale price is determined by the market.
4. Is the living space sufficient for a small family?
At 988 sqft, the living area is compact. The renovated basement effectively adds a second living zone, which is crucial for making the layout work for a small family. It would suit a couple or a small family comfortable with efficient use of space.
5. Where can I find the exact historical sale price?
The exact sold prices are not publicly displayed in detail. The listing service provides a range (e.g., $24.50k ~ $27.50k for 2/2017) and offers to send the precise figures via email upon request, which they handle manually without using the contact for marketing spam.