Property Overview: 2 Listowel Bay, Winnipeg
Key Characteristics & Appeal
This is a classic, one-storey home built in 1957, situated on a generous 6,001 sqft lot in the Jameswood neighbourhood. With 1,040 sqft of living space, it offers a comfortable footprint that is typical for the area. The home’s assessed value of $290k positions it as a more accessible entry point within its immediate street and the wider city, suggesting potential value relative to other properties.
The primary appeal lies in its established setting and lot size. The property sits on a lot that is above average for Jameswood, offering ample outdoor space for gardening, play, or expansion in a mature neighbourhood. Its 1957 build date is notably older than most homes on the street and in the area, which could attract buyers charmed by mid-century character or those seeing past cosmetic updates. This home would suit a first-time buyer, a downsizer looking for single-level living, or an investor seeking a property with solid land value in a stable neighbourhood. It’s a practical choice for someone prioritizing space and location over a modern or recently renovated interior.
Frequently Asked Questions
1. How does the home’s value compare to nearby sales?
The home last sold between $22.5k and $25.5k in April 2020. Its current assessed value of $290k is below the average for its own street, but around the average for the broader Jameswood area, indicating it may be priced competitively within the neighbourhood.
2. What does the older build year (1957) mean for me?
While the home is among the oldest on the block, this often means it’s in a well-established part of the neighbourhood. Buyers should budget for potential updates to major aging components like plumbing, electrical, or the roof, and consider a thorough inspection.
3. Is the lot size a major advantage?
Yes. The lot is over 6,000 sqft, which is considered above average for Jameswood. This provides significant private outdoor space and could allow for future additions like a garage, a larger deck, or a garden, which is a valuable asset.
4. The home has no basement. Is that common?
It’s less common city-wide but not unusual for one-storey homes of this era. This means all living space is on the main floor, which is ideal for accessibility, but storage and mechanical systems will need to be accommodated within the home’s footprint.
5. Who would this property not suit?
It may not be the best fit for buyers seeking a move-in-ready, modern home without any renovation projects, or for those who require extensive indoor living space or a basement for recreational or storage needs.