Property Overview: 107 Bourkewood Place, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Jameswood presents a straightforward, low-maintenance living opportunity. Built in 1957, its 988 sqft living area is typical for the immediate street and neighborhood, offering comfortable space for individuals, couples, or small families. The lot size of approximately 5,400 sqft is also in line with area norms, providing decent outdoor space.

The primary appeal lies in its position as an accessible entry point into the Winnipeg market. The home’s assessed value is notably below average for both the street and the wider Jameswood area, suggesting a potentially lower cost of ownership and an opportunity for buyers mindful of property taxes. Its vintage—one of the oldest on the street—could attract those interested in a classic post-war character home, possibly with renovation potential. This property would suit first-time buyers, downsizers seeking a manageable single-level layout, or practical investors looking for a value-oriented rental property. It’s a home that prioritizes function and location over size or modern finishes.

Section 2: Frequently Asked Questions

1. Why is the assessed value significantly lower than neighboring homes?
While the exact methodology is not public, a lower assessment often reflects factors like the home’s age, smaller size relative to newer builds, and the condition or features at the time of valuation. It typically results in a lower annual property tax bill.

2. What does the sold price history indicate?
The home sold in June 2022 for an estimated range of $335,000-$365,000. This historical data provides a benchmark, but the current market value will depend on present conditions, any updates made since then, and buyer demand.

3. Are there any major concerns with a home built in 1957?
As with any home of this age, prospective buyers should pay special attention to the condition of major systems. A thorough inspection is recommended to evaluate the roof, foundation, plumbing, electrical wiring, and insulation, which may be original or require updating.

4. What are the implications of having no garage?
This means all parking will be on the driveway or street. Buyers should consider their vehicle storage needs, winter weather implications for clearing snow off cars, and whether there is potential or space to add a garage or carport in the future, subject to local bylaws.

5. How does this home compare to others in Jameswood?
The data shows this home is average in terms of living and land area for Jameswood but stands out for its lower assessed value and older build date. It offers a more budget-conscious option within the neighborhood, likely trading some modern amenities for affordability and lot location.