Property Overview: 525 Whytewold Road, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Jameswood is defined by its practicality and position as a value-oriented entry point into the Winnipeg market. Built in 1957, it is notably newer than many homes in its immediate area, which may suggest a more modern construction style or foundation compared to its neighbourhood peers. With 988 sqft of living space, it offers compact, manageable proportions.
The primary appeal lies in its affordability, as indicated by an assessed value significantly below area averages. This presents a clear opportunity for first-time homebuyers, downsizers, or investors seeking a lower-cost property with renovation potential. The lot, while smaller than others on Whytewold Road, is average for Jameswood overall, offering a modest outdoor space without extensive maintenance demands. It suits buyers prioritizing location within a established neighbourhood over size, and those comfortable with a home that may require updates. A thoughtful perspective is that its "below average" valuation isn't just about the property itself, but can be a strategic advantage, potentially resulting in lower property taxes and providing financial headroom for personalized improvements.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is for municipal tax purposes and is influenced by specific property characteristics, recent sales in the area, and the home's condition. This lower assessment strongly suggests the home is a more affordable option within the city, though the sale price is determined by the market.
2. What does it mean that the home is "newer" than others on the street?
Built in 1957, this home is younger than most on its block (where the average build year is 1949). This can be an advantage, potentially meaning updates to core systems like plumbing or electrical have already occurred, or that the building style and materials are more modern.
3. Is the smaller lot size a major drawback?
It depends on your needs. The lot is under 5,200 sqft, which is smaller than many on Whytewold Road but typical for Jameswood. It means less yard maintenance but also less private outdoor space. It's a practical fit for those not wanting extensive gardening or landscaping duties.
4. Who would this property suit best?
It's well-suited for first-time buyers entering the market, investors looking for a rental property, or empty-nesters seeking to downsize into a single-level home without a large yard to manage. It's for buyers who see value in location and potential.
5. How can I find out the exact past sale prices?
The exact sold price history is not publicly displayed in detail. As noted on the listing, you can request this information directly via email from the source, SaveOnHouse, who will provide the accurate figures manually.