Property Overview
This two-storey home at 15 Silverwood Bay in Winnipeg's Jameswood neighbourhood presents a compelling blend of established character and modern updates. Its key appeal lies in its above-average living space and a recently renovated basement, set within a mature and sought-after community. The home is well-suited for buyers looking for a move-in ready property with room to grow, who value the stability and greenery of an established area over a brand-new subdivision.
Key Characteristics & Ideal Buyer
The home offers 1,324 sqft of living space, which is notably larger than most comparable homes on its street and in Jameswood, placing it in the top tier locally. Its renovated basement adds significant functional space. Built in 1957, it is actually among the newer homes on its block. While the lot size is slightly below average for Silverwood Bay, it is typical for the wider Jameswood area. The property’s assessed value consistently ranks in the elite tier for the neighbourhood, indicating its perceived quality and desirability within this specific market.
This property would best suit practical upgraders—perhaps a growing family or professional couple—who need more space than a starter home offers but aren’t looking for a massive yard to maintain. Its strong rankings suggest it's a premium offering within Jameswood, ideal for someone who prioritizes interior space and updates in a well-regarded, established neighbourhood. A less obvious perspective is that its consistent high ranking in assessed value, even with a smaller lot, underscores that the home’s improvements and living area are the primary drivers of its worth here.
Frequently Asked Questions
1. How does this home’s value compare to others in Winnipeg?
City-wide, the home’s assessed value and living area are around the Winnipeg average. Its premium is truly localized; it stands out significantly within the Jameswood neighbourhood and on its own street, where it consistently ranks in the top 6-13% for size and value.
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 finish quality, permits, the inclusion of a bathroom or kitchenette, and whether it is developed as a living space, recreational room, or suite.
3. Is the detached garage a standard size?
The listing notes a detached garage but does not provide dimensions. Given the lot size is slightly below average for the street, the garage footprint may be compact. Verifying its size and condition is recommended.
4. The home sold in 2016 and 2021. What does that indicate?
The two sales in a five-year period could indicate a successful flip or a series of upgrades by a homeowner. The sold price ranges show steady appreciation, which is a positive sign for the home’s marketability and the area’s stability.
5. Are there any concerns with a home built in 1957?
While the age is typical for the area, and the home is among the newer on its street, a buyer’s inspection should focus on the condition of major aging components common to that era, such as the roof, plumbing, electrical systems, and the foundation, alongside the quality of the more recent basement renovation.