Property Overview
This two-storey home at 69 Leicester Square in Winnipeg's Jameswood neighbourhood presents a compelling opportunity centered on space and established value. Its key appeal lies in the generous 9,175 sqft lot, which is notably larger than most in the immediate area and ranks within the top 8% citywide. The 1,324 sqft living area is also above average for its street and neighbourhood. Built in 1957, the home features a renovated basement and a detached garage.
The property suits buyers looking for a solid footprint in a mature neighbourhood, particularly those who prioritize outdoor space for gardening, play, or future expansion over a brand-new build. Its strong rankings for lot size and living area relative to local comparables suggest a premium position on its street. It would appeal to a practical buyer who sees value in the established character of Jameswood and the potential inherent in a large lot, rather than someone seeking modern finishes or a turn-key renovation.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home is currently assessed at $38,600. The last recorded sale was between $34,500 and $37,500 in April 2019. This suggests the assessment is reasonably aligned with its recent market value.
2. What does the "elite" ranking for lot size actually mean?
The ranking indicates this property's lot is larger than 99% of comparable homes in Jameswood and 97% on Leicester Square itself. In practical terms, you are getting significantly more land than the typical property in this area.
3. Is the renovated basement included in the living area square footage?
Typically, below-grade space like a basement is not counted in the official living area (1,324 sqft). The "renoved basement" is a separate feature that adds functional space but is not reflected in that primary square footage metric.
4. The city-wide average living area is listed as larger. Does that mean this home is small?
Not necessarily. The city-wide average includes all home types across Winnipeg. This home's living area is actually above average for its specific peer group of similar homes in Jameswood and on its street, which is a more relevant comparison for neighbourhood character.
5. What are the implications of the home being built in 1957?
The age places it right in the middle of the neighbourhood's typical build period. This means major systems (roof, wiring, plumbing) are likely not original but could be due for updates or inspections. It also reflects the classic two-storey design and neighbourhood maturity, with established trees and landscaping.