Property Overview: 541 Whytewold Road, Jameswood, Winnipeg
Key Characteristics & Appeal
This one-storey home, built in 1957, presents a straightforward and affordable entry point into Winnipeg’s Jameswood neighbourhood. With 1,144 sqft of living space, it offers a practical layout that is slightly above average for the immediate area. Its primary appeal lies in its value proposition: the home’s assessed value is notably below average for both Whytewold Road and Jameswood, suggesting a potentially lower property tax burden and an accessible price point for a first-time buyer or investor.
The home suits a practical buyer who values function over frills. It’s ideal for someone comfortable with a home of this vintage, likely requiring some updates, but who prioritizes getting into the neighbourhood. A thoughtful perspective is that while the lot size is modest for the street, it is average for the wider city, offering manageable outdoor maintenance—a plus for downsizers or those seeking a simpler lifestyle. The home’s age, being newer than many on its street and in Jameswood, could imply fewer immediate concerns with some older building materials or systems common in pre-1950s construction.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average for comparable homes?
Assessed value is for municipal taxation and doesn't always equal market value. This assessment reflects the property's specific valuation by the city, which can be influenced by the home's condition, improvements, and specific market factors in its area.
2. What does the sold price history from 2016 indicate?
The sold price range from 2016 provides a historical benchmark, but it is not a current market valuation. It shows the price point at which the property last changed hands nearly a decade ago, which is useful for understanding long-term trends but must be considered alongside current market conditions.
3. Are there any major concerns with a house built in 1957?
While newer than many homes in the area, a 69-year-old home will still require a thorough inspection. Key focuses should be the condition of the foundation, roof, plumbing, electrical systems, and insulation, as standards and materials have evolved significantly since the 1950s.
4. What are the implications of having no basement?
A lack of a basement limits storage and potential for below-ground living space or utilities. This means all living areas, mechanical systems, and storage are on the main floor, which can be a benefit for accessibility but reduces traditional storage options.
5. How does the lot size affect potential for expansion or renovation?
At just under 5,900 sqft, the lot is smaller than many on Whytewold Road. This may limit opportunities for significant additions or outbuildings, and any expansion plans would need to carefully adhere to municipal zoning bylaws regarding setbacks and lot coverage.