Property Overview

This single-storey home at 1 Leicester Square in Winnipeg's Jameswood neighbourhood presents a well-maintained, mid-century property on a generous lot. Its appeal lies in offering solid value and space relative to its immediate area, with a layout suited to downsizers, first-time homeowners, or investors seeking a manageable property. The home sits on a large, approximately 6,265 sqft lot, providing ample outdoor space that is increasingly rare in newer subdivisions. While the 1,144 sqft living area is modest by city-wide standards, it ranks above average for both the street and the Jameswood area, indicating a good use of space for the locale. The 1957 build date is among the oldest on the street, which can suggest a well-established streetscape but also warrants a close look at updates and maintenance. Recent sale history shows steady value appreciation, and its assessed value consistently places it in the top tier of comparable local properties, suggesting it is perceived as a solid asset within its specific market.

Key Considerations: Frequently Asked Questions

1. How does the home’s size compare practically?
While the living area is slightly above average for Jameswood, it is below the city-wide average. This suggests the home is spacious for the neighbourhood but may feel compact compared to newer suburban homes. The single-storey layout, however, offers convenient living all on one level.

2. What does the "elite" ranking for year built mean?
This means the home is one of the oldest on Leicester Square and in Jameswood. This isn't necessarily negative; it often indicates a mature, established lot with larger dimensions. However, it underscores the importance of verifying the condition of major aging components like the roof, foundation, and plumbing.

3. Is the assessed value a reliable indicator of market price?
The assessed value ($34.70k) is for municipal tax purposes and is consistently above local averages, which is positive. However, market price is determined by recent sales, condition, and demand. The provided sold price ranges from 2022 and 2019 show growth, but a current market evaluation is essential.

4. Who would this property suit best?
It would suit buyers looking for a lower-maintenance, single-level home in an established neighbourhood, particularly downsizers or first-time buyers. The large lot is a significant asset for gardening, pets, or future expansion (subject to zoning). Investors may also see potential given its consistent above-average standing in the local market.

5. What are the less obvious factors to consider?
The data shows the home outperforms most local comparables in key metrics. This consistent "above average" standing within its peer group on the street and in Jameswood—not just city-wide—suggests it is a historically desirable property in its specific micro-market. This can be a marker of stability. The lack of a basement, as noted in the building type, limits storage and potential for a secondary suite, which is a crucial practical consideration.