Property Overview: 143 Bourkewood Place, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home in Jameswood, built in 1957, presents a practical and straightforward opportunity. With 988 sqft of living space and a renovated basement, its size is very typical for the immediate Bourkewood Place street and the wider Jameswood neighbourhood, offering a comfortable footprint without excess. A key characteristic is its efficient use of a modest 4,998 sqft lot, which may appeal to those seeking lower outdoor maintenance.

The home’s primary appeal lies in its established location and value positioning. Its assessed value ranks above average for its street, suggesting it is a well-regarded property within its specific peer group. The recent sale in 2023 indicates a strong and modern price trajectory compared to its previous sale in 2017. The renovated basement adds immediate functional living space without the need for a project.

This property would suit first-time buyers or downsizers looking for an affordable, move-in-ready home in a mature neighbourhood. It’s also a sensible fit for value-oriented investors seeking a stable rental property with recent updates. The home offers a sense of community consistency, being among the oldest on its block, which can translate to well-established streetscapes and neighbour dynamics.

Frequently Asked Questions

1. How does the lot size impact this property?
While the land area is below average for the street and neighbourhood, it requires less upkeep. This can be a benefit for buyers who prefer a smaller yard to maintain, though it offers less space for expansions or extensive landscaping.

2. What does the "above average" assessed value for the street indicate?
It suggests that, compared to its direct neighbours on Bourkewood Place, this home is formally valued more highly. This often reflects the renovated basement, overall condition, or specific attributes that set it apart within this very localized context.

3. The home is among the oldest on the block. Should I be concerned?
Its age is typical for the area, and being one of the original homes can mean the neighbourhood's character is well-established. It does imply that a thorough inspection is essential to understand the condition of major aging components, like the roof or foundation.

4. Is the price history showing a good trend?
The sold price range increased significantly between 2017 and 2023. This points to strong appreciation in that period, likely bolstered by the basement renovation. It establishes a modern benchmark for the home's market value.

5. Who would this home not be ideal for?
It may not suit buyers looking for a large yard, extensive square footage, or a brand-new build. The garage-free setup also means it’s less ideal for those requiring dedicated vehicle storage or extensive workshop space.