Property Overview: 56 Listowel Bay, Winnipeg
Key Characteristics & Appeal
This one-storey home in Jameswood, built in 1957, presents a straightforward and practical living opportunity. Its primary appeal lies in its above-average land size (6,100 sqft), offering more outdoor space than many homes in the immediate area and across the city. The living area of 1,092 sqft is solid for the neighbourhood, ranking well against nearby homes. A key, less obvious characteristic is its standing as one of the older homes on its street and in Jameswood, which can suggest a well-established, mature lot but also indicates a home likely requiring updates. The assessed value is notably below average for the street and city, which may point to a value-conscious entry point into the neighbourhood.
This property would suit a buyer looking for a ground-level layout on a generous lot, potentially a first-time homeowner comfortable with a renovation project, or an investor seeking a property with land value in a stable area. Its appeal is practical rather than luxurious, focusing on space and location over modern finishes.
Frequently Asked Questions
1. What does the assessed value tell us about this property?
The assessed value is below the average for both its street and Winnipeg overall. This typically reflects the home’s age and condition rather than its location or land value, suggesting it may be priced as a renovation opportunity.
2. How does the lot size compare meaningfully?
At 6,100 sqft, the lot is larger than 85% of homes in Jameswood. This is a significant asset, providing ample yard space, potential for additions, or simply more privacy than newer, denser subdivisions offer.
3. The home is noted as one of the oldest on the street. Is this a concern?
It’s a key consideration. Being built in 1957 means major systems (roof, plumbing, electrical, insulation) may be at or beyond their typical lifespan. A thorough inspection is essential, but this vintage also often comes with solid construction and mature landscaping.
4. Who would this home not be suitable for?
It may not suit buyers seeking a move-in-ready home with modern amenities, as updates are likely needed. It also lacks a basement and garage, which could be a drawback for those needing significant storage or workshop space.
5. The last sold price range shows a possible decrease. What does this indicate?
The sold price range from 2023 appears lower than the city-wide average for that period. This isn’t unusual for an older, no-basement bungalow and generally reinforces the profile of a property valued for its land and location, with the home itself representing a project for the next owner.