Property Overview: 91 Bourkewood Place, Winnipeg
Key Characteristics & Appeal
This one-storey home in Jameswood presents a straightforward opportunity in Winnipeg’s market. Its key characteristic is balance: at 988 sqft, the living space is very typical for its immediate street and neighborhood, offering a manageable layout without being overly compact. The lot size of approximately 5,400 sqft is a relative strength, providing above-average outdoor space for the street. Built in 1957, it is one of the older homes on its block, which may appeal to those interested in a well-established neighborhood character.
The appeal lies in its position as a median offering within its local context. It’s not an outlier in size, value, or land, which can mean less competition and a more predictable market comparison. The recent sale history shows steady appreciation, suggesting a stable investment in the area. This property would suit a first-time buyer or downsizer looking for a practical, single-level home in a mature neighborhood. It’s also a sensible fit for a value-oriented buyer who prioritizes a decent lot size over a recently built or extensively renovated home.
Frequently Asked Questions
1. How does this home compare to others in Jameswood?
The home is very average for the Jameswood area in terms of living space and assessed value, ranking around the 65th-67th percentile. Its lot size is typical for the neighborhood, and it is among the older homes on its specific street.
2. What does the sale history indicate?
The home has sold three times since 2016, with each sale price range increasing. This indicates a trend of appreciating value in line with or possibly exceeding local averages over this period.
3. Is the assessed value a reliable indicator of the selling price?
The assessed value is for municipal tax purposes and is often lower than market value. It serves as a useful benchmark for comparing properties, but market conditions, the home’s condition, and recent upgrades will ultimately determine the sale price.
4. What are the implications of it being one of the older homes on the street?
This could mean two things: there may be a need for updates to major aging components (like roof, windows, or systems), but it also often means the home is situated on a mature, tree-lined street in a settled community.
5. Who would this property not be suited for?
It may not suit buyers seeking a modern, turn-key home with an open-concept layout, or those requiring substantial square footage. The one-storey design and average room sizes are better suited to efficient living rather than large-scale entertaining.