Property Overview
10 Ladywood Drive is a well-maintained, one-storey home in Winnipeg's Jameswood neighbourhood. Built in 1957, it features 1,029 sqft of living space and a renovated basement. The property stands out for its generous 6,600 sqft lot, which is notably larger than most in the immediate area and citywide. Recent sales data indicates steady value appreciation.
Key Characteristics & Appeal
This home’s primary appeal lies in its balance of a solid, updated living space and a substantial, private yard—a combination that can be hard to find. While the living area is modest and typical for the street, the renovated basement adds functional space. Its strongest asset is the land; the lot size ranks in the top 5% on Ladywood Drive, offering ample room for gardening, play, or expansion.
It would suit first-time buyers or downsizers looking for a manageable single-level layout in a stable neighbourhood. The significant lot size also makes it a thoughtful choice for buyers who prioritize outdoor privacy or see long-term potential in the land itself, compared to newer subdivisions with smaller plots. The assessed value is strong for Jameswood, suggesting the property is viewed favorably within the local market context.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is above average for the broader Jameswood area (top 12%), indicating it is a well-regarded property within the neighbourhood, though it is around average when compared to its immediate street and the city as a whole.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finishes, ceiling height, permits, and whether it includes a separate entrance or additional bedrooms.
3. Is there potential for future expansion or redevelopment?
The large lot size is a key feature that could allow for additions like an extension, garage, or garden suite, subject to City of Winnipeg zoning bylaws and permitting. This lot is significantly larger than many neighbouring properties.
4. What is the typical price trend for this home?
Based on available data, the sold price increased from a range of $26.5k-$29.5k in early 2021 to $35.5k-$38.5k in mid-2024. For the exact historical sold prices, you can request the information via email from the listing source.
5. Are there any obvious drawbacks to be aware of?
The home has no garage, which is common for its vintage. Living space is slightly below the area average. As a home built in the late 1950s, a thorough inspection of major aging components (like roof, plumbing, and foundation) is always recommended.