Property Overview: 184 Braintree Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Jameswood presents a compelling mix of established character and above-average investment in its immediate area. Built in 1957, it is one of the older homes on its street and in the neighborhood, which often translates to mature landscaping and a well-settled community feel. The home features a renovated basement and a detached garage on a notably spacious 6,600 sqft lot, which ranks well above average for Jameswood.
Its primary appeal lies in its strong positional value within its local market. While the living space (1,029 sqft) is fairly typical for the area, the property’s assessed value of $360k sits in the top 20% of Braintree Crescent and the top 8% of Jameswood. This suggests the home is viewed as a higher-value asset in its community compared to its peers, potentially due to updates, lot size, or specific location. It would suit buyers looking for a solid, single-level home in a mature neighborhood, offering more outdoor space than many modern lots. It’s particularly suited for someone who values a home that stands out in terms of assessed value on its street, possibly indicating good long-term care or desirable features not immediately obvious from basic metrics.
Section 2: Frequently Asked Questions
1. What does a high assessed value relative to the neighborhood actually mean?
It typically indicates that the municipal assessment—used for calculating property taxes—judges this home to be worth more than most in the immediate area. This can reflect desirable improvements, a premium lot, or a favorable location within the neighborhood. It's a sign of strength in its local market context.
2. The home is older than most on the street. Should I be concerned?
The 1957 build date places it among the earliest homes in the area. This isn't inherently negative; older homes in such rankings often have established, larger lots and classic construction. However, it underscores the importance of a thorough inspection to understand the condition of major aging components like the roof, plumbing, and electrical systems.
3. How does the lot size compare practically?
At 6,600 sqft, the lot is significantly larger than the Jameswood average (~5,647 sqft). This offers more private outdoor space, potential for gardening, additions like a shed or deck, and simply more distance from neighbors—a valued feature that's harder to find in newer subdivisions.
4. The last recorded sale was in early 2017. Why is that relevant?
A sale eight years ago suggests the current sellers have likely owned the property for a substantial period. This can sometimes indicate a well-maintained home with a history of steady ownership, but it also means the recent sale price is not a direct indicator of today’s market value.
5. The living area is below the city-wide average. Is the house small?
At 1,029 sqft, it is below the Winnipeg average, which is skewed by newer, larger homes. However, within Jameswood and on Braintree Crescent, it is much closer to the typical size. This highlights the importance of comparing homes within their specific neighborhood rather than the entire city, as space expectations and layouts differ by area and era.