Property Overview: 31 Braintree Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Jameswood presents a practical opportunity. Its key appeal lies in a combination of established neighborhood character and tangible space. The 6,800 sqft lot is a standout feature, placing it in the top 4% locally, offering significant outdoor space and potential in a city where larger lots are increasingly rare. Built in 1957, the home is among the newer properties in its immediate area, which may suggest more modern construction standards for its era.
With 1,092 sqft of living area, the house is comfortably above average for the street and neighborhood, providing good functional space. The detached garage adds flexibility. The assessed value is consistently around the median for its area, indicating a stable, non-speculative pricing history. Recent sale data shows a clear and substantial increase in value over the past decade, reflecting strong market movement.
This property would suit a first-time buyer or a downsizer looking for a manageable single-level layout without sacrificing yard space. It’s also a sensible fit for a value-oriented buyer who sees potential in the generous lot, whether for gardening, expansion, or simply enjoying a larger private outdoor area than is typically found.
Section 2: Frequently Asked Questions
1. How does the lot size compare to a typical Winnipeg property?
The lot is 6,800 sqft, which is significantly larger than average. It ranks in the top 19% citywide and the top 3-4% within the Jameswood neighborhood, making it a notably spacious parcel.
2. The home was built in 1957. Does that mean it will need major updates?
While the age implies some systems may be due for review or replacement, the data shows this home is actually among the newer properties on its street and in Jameswood. This relative "newness" for the area could be an advantage, but a thorough inspection is always recommended.
3. What does the sold price history indicate?
The home sold in September 2024 for an estimated 34% more than its previous sale in August 2016. This points to strong appreciation over that eight-year period, aligning with broader market trends.
4. Is the assessed value a reliable indicator of the market price?
The assessed value is for taxation purposes. Currently, it sits around the neighborhood average. However, the recent sold price from 2024 was higher than the assessed value, which is common in active markets. The assessed value is a baseline, not a sale price.
5. How does this home rank for space compared to others nearby?
The living area is above average for both Braintree Crescent and the wider Jameswood area, ranking in the top 23-26%. This means you get more interior space than most comparable homes in the immediate vicinity.