Property Overview: 2347 Ness Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in the Jameswood neighbourhood presents a straightforward, grounded opportunity. Built in 1957, it sits on a decent-sized lot of just over 5,500 sq ft, offering more outdoor space than many comparable properties in the immediate area. With 1,040 sq ft of living space, its size is comfortably average for the street and city, suggesting a practical layout for everyday living.

The primary appeal lies in its position as a manageable, no-frills property. It features a detached garage and has no basement or pool, which simplifies maintenance and reduces concerns over potential water issues or complex upkeep. The home’s assessed value is notably below average for both Jameswood and Winnipeg overall, indicating a potentially accessible entry point into the market.

This property would best suit first-time buyers, downsizers, or practical investors looking for a home with clear parameters and lower ongoing maintenance. Its average metrics and below-average assessment suggest it’s a candidate for those comfortable with a home that may require updates, valuing lot size and location over turn-key finishes. A thoughtful perspective is that its "elite" ranking for year built within Jameswood (top 2%) is unusual for a 1957 home, hinting that the neighbourhood consists predominantly of even older homes, which may appeal to those seeking established, mature communities.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
The assessed value is a municipal valuation for tax purposes, not market value. Its ranking shows it's below average for the area, which can be due to factors like the home's age, size, condition, or specific features. This often results in relatively lower property taxes.

2. What does having "no basement" mean for storage and utilities?
All living space is on the main floor. Utilities like the furnace and water heater will be in a utility room on that level. Storage solutions may require more creativity, but it eliminates risks and costs associated with basement moisture or flooding.

3. The home sold in 2020. What can that price tell me?
The sold price from mid-2020 provides a historical benchmark, but the market has likely changed since then. It’s most useful for understanding the property’s price trajectory rather than determining its current value.

4. How does the lot size compare, and what are the advantages?
At over 5,500 sq ft, the lot is above average for Ness Avenue and Jameswood. This allows more room for gardening, play, or outdoor living, and can offer better privacy and potential for additions like a shed or deck compared to tighter lots.

5. What is the significance of the "Elite" ranking for its year built in Jameswood?
This statistical quirk indicates that most homes in Jameswood are older than this 1957 build. For a buyer, it means this home could be among the newer properties in an established, stable neighbourhood of older homes.