Property Overview: 521 Whytewold Road, Jameswood, Winnipeg
Key Characteristics & Appeal
This one-storey home on Whytewold Road is a practical and modestly-sized property, offering 988 square feet of living space on a 5,197 sqft lot. Built in 1958, it stands out in its immediate neighbourhood as a relatively newer build compared to many surrounding homes. Its assessed value is consistent with the local area, indicating it is priced in line with the Jameswood market.
The appeal lies in its straightforward, no-frills layout—featuring a detached garage and no basement—which simplifies maintenance and potential renovations. It suits first-time homebuyers seeking an affordable entry into the Winnipeg market, or downsizers looking for a manageable single-level living space without the complexity of a larger property. A thoughtful perspective is its potential as a long-term hold in a stable neighbourhood; its newer build date (for the area) may mean fewer immediate major repairs than older counterparts, offering a sense of predictability.
Frequently Asked Questions
1. How does the property’s size compare to the neighbourhood?
The living area is slightly below the average for Whytewold Road itself but is quite typical for the broader Jameswood area. The lot size is smaller than most on its specific street but is average when compared to the entire city.
2. What does the sold price history indicate?
The home sold in 2022 and 2016. The 2022 sale price range placed it in the top 12% for its street at that time, suggesting a period of strong value. The 2016 sale was more modestly positioned. This history shows market variability, underscoring the importance of current conditions.
3. Is the assessed value a reliable indicator of the selling price?
The assessed value is a municipal calculation for tax purposes and is typically lower than market value. For this home, its assessed value is around average for its area, providing a baseline, but the final sale price will be determined by current market demand.
4. What are the implications of having no basement?
This eliminates concerns about basement moisture, flooding, or costly finishes, reducing maintenance. However, it also means less storage space or potential for a developed rec room, which may be a consideration for some buyers.
5. How does the year built affect this home?
Built in 1958, it is significantly newer than many homes in Jameswood. This can be an advantage, potentially meaning updated building materials, electrical, or plumbing systems compared to the neighbourhood’s older housing stock from the 1940s and early 1950s.