Property Summary: 39 Braintree Crescent, Winnipeg
Key Characteristics & Appeal
This one-storey home in Jameswood is defined by its generous, above-average lot size of 6,800 sqft, placing it among the largest in the immediate area. Built in 1957, the house itself is a classic bungalow with 1,092 sqft of living space, which is comfortably above average for the street and neighborhood. The appeal here leans heavily toward the property's land and location rather than luxury finishes, as the assessed value is notably modest compared to both the street and city-wide averages.
This property would suit a practical buyer who values space and potential over turn-key perfection. It's an ideal candidate for someone looking for a solid, no-frills home on a large lot in an established neighborhood—perfect for gardening, outdoor living, or future expansion. The low assessment also suggests it could be a strategic entry point into the market for a first-time buyer or an investor comfortable with updates, provided they've budgeted for the work a home of this age will likely require.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is a municipal calculation for tax purposes, not a market price. This lower assessment primarily reflects the home's age, modest building type, and lack of features like a basement or garage compared to the broader Winnipeg market, which includes many newer and larger homes.
2. What does the large lot size mean for me?
A lot of this size (over 1/6th of an acre) is a significant asset in an established neighborhood. It offers ample private outdoor space, room for additions like a garage or workshop, and greater distance from neighbors compared to typical newer lots.
3. Are there any concerns with a house built in 1957?
While the construction era is known for solid framing, prospective buyers should prioritize inspections for aging major systems (like plumbing, electrical, and the roof) and be aware of materials common to the period, such as potential knob-and-tube wiring or original windows that may need updating.
4. How does not having a basement or garage affect livability?
The lack of a basement means all living and storage is on the main floor, requiring thoughtful space planning. The absence of a garage means vehicles are parked outdoors, and alternative storage solutions for tools and seasonal items will be needed, though the large lot offers space to build one.
5. The rankings show the living area is above average for the street but the value is below average. Why?
This highlights that the home's value is not solely about square footage. The below-average assessment likely accounts for the home's overall condition, layout, specific features, and updates needed relative to other homes on the street that may have been modernized or have different configurations.