Property Overview
2 Ladywood Drive is a classic one-storey home built in 1957, situated on a notably spacious lot in Winnipeg's Jameswood neighbourhood. Its key appeal lies in a combination of generous outdoor space and a practical, no-fuss layout. With 1,092 sqft of living area, the house itself is modest and functionally comparable to many others in the city, but it stands out for its above-average 6,600 sqft lot, offering significant potential for gardening, expansion, or simply enjoying more private outdoor room than most. The detached garage adds practical storage or workshop space.
This home would suit a first-time buyer or downsizer looking for a manageable single-level layout without sacrificing yard size. It’s also a sensible choice for a value-conscious buyer who sees potential in the land itself—whether for long-term enjoyment or as a future investment—and is comfortable with a home that may require updates reflective of its era.
Frequently Asked Questions
How does the assessed value relate to likely market value?
The assessed value is for municipal tax purposes and is often different from market value. While it provides a benchmark, current market conditions, the home's specific condition, and its desirable lot size will be the primary drivers of its selling price.
What are the implications of having no basement?
The absence of a basement means all living and mechanical systems are on the main floor. This can be a benefit for accessibility and avoiding basement moisture issues, but it also reduces storage and potential for additional finished living space.
The home is older—what should I be mindful of?
Built in 1957, prospective buyers should budget for potential updates to major systems like plumbing, electrical, or the roof. An inspection is crucial. On a positive note, the data shows it is among the newer homes in its immediate Jameswood area.
Is the lot size a significant advantage?
Yes. The property ranks in the top 5% for lot size on its own street and top 6% in Jameswood. This is its most distinguishing feature, offering more privacy and space than typical area lots, which is a permanent asset that can add value.
How does the living space compare to the neighbourhood?
At just over 1,000 sqft, the living area is slightly below the average for Ladywood Drive and Jameswood. This indicates a compact, efficient floor plan, making the property more about the land it sits on than the size of the current dwelling.