Property Overview & Key Characteristics
This two-storey home at 40 Listowel Bay in Winnipeg’s Jameswood neighbourhood presents a well-maintained, above-average offering for its immediate area. Built in 1957, the 1,324 sqft house stands out on its street and in Jameswood for its living space, assessed value, and overall condition, ranking in the top 6% and 5% locally for those metrics, respectively. Its renovated basement adds functional living area. The property sits on a 5,400 sqft lot, which is slightly smaller than the average for the street but typical for the wider neighbourhood. A detached garage provides parking and storage.
The primary appeal lies in its strong positioning within a stable, established community. It’s not the newest or largest home city-wide, but it represents a quality, move-in-ready property that outperforms most of its direct peers. The recent sale history suggests steady value appreciation. This home would suit buyers looking for a solid, no-surprises house in a mature neighbourhood—perfect for a small family, a professional couple, or a downsizer seeking single-level living potential with a finished basement for guests or hobbies. It offers the appeal of a home that has been cared for, in a setting where it is objectively a standout property.
Frequently Asked Questions
1. How does the lot size impact the property?
While the lot is slightly smaller than others on Listowel Bay, it is very typical for the Jameswood area overall. This often translates to less yard maintenance while still providing decent outdoor space. The ranking highlights it as an average lot for the neighbourhood, not a major drawback.
2. What does the "elite" ranking in Jameswood actually mean?
For key features like living area and assessed value, this home ranks in the top 5% of the 431 comparable properties in Jameswood. This indicates it is among the larger, more valuable homes in the neighbourhood, suggesting above-average finishes, updates, or desirability for the area.
3. Is the assessed value a reliable indicator of the market price?
The assessed value ($37.20k) is for taxation purposes. The recent sold price ranges (from $43.50k-$47.50k in 2022 and 2024) are the true market indicators and show the home selling for significantly above its assessed value, reflecting strong market demand.
4. What are the implications of the home’s age?
Built in 1957, the home is typical for the street and area. This age often means character and established landscaping, but it also underscores the importance of the renovated basement and overall maintenance. The "above average" ranking for year built on its street suggests it is among the newer homes in that specific group.
5. Who would benefit most from the detached garage?
A detached garage is ideal for those who want a clear separation between household storage/workshop space and living areas. It’s also a plus for tenants or family members using the basement, as it can provide separate access and storage without entering the main house.