Property Overview: 510 Whytewold Road, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This one-storey home on Whytewold Road in the Jameswood neighbourhood presents a specific and practical profile. Built in 1957, it is notably newer than many homes on its street and in the immediate area, which may suggest a potentially simpler renovation timeline compared to older peers. The living space of 1,144 sq ft is comfortably average for the locale, fitting well within the typical range for the street, neighbourhood, and city.

The property’s primary appeal lies in its value proposition and lot size. With an assessed value significantly below local and city averages, it represents an accessible entry point into the Winnipeg market. The lot of nearly 6,000 sq ft is above average for Jameswood, offering generous outdoor space relative to many city properties. This combination of a newer-than-average build year for the area, a substantial lot, and a lower assessed value creates an opportunity for buyers willing to invest in updates or expansions.

This home would suit a first-time buyer, an investor, or a hands-on owner looking for a property with a solid foundation and the space to grow. It’s particularly suited for someone who values outdoor room and sees potential in a home that may require modernization, rather than someone seeking a fully renovated, move-in-ready property.

Frequently Asked Questions

1. Why is the assessed value so much lower than area averages?
While the exact reasons aren't specified, a significantly lower assessed value compared to nearby homes often relates to the home's condition, layout, or specific features that the assessor has accounted for. It’s a key indicator for buyers to investigate the property's state and potential update costs.

2. What does it mean that the home is "newer" than most in Jameswood?
Built in 1957, this home is among the top 2% newest in its neighbourhood, where many homes date to the late 1940s. This could imply differences in original construction materials, floorplan styles, or that major systems like plumbing or electrical might be from a later era, though an inspection is essential to confirm their current state.

3. Is the lot size a major advantage?
Yes. At 5,996 sq ft, the lot is above average for Jameswood. This provides more private outdoor space than many city lots and could allow for future additions, a larger garden, or recreational space, which is a valuable and finite asset.

4. The home last sold in late 2021. What might have changed since then?
The sold price range from 2021 reflects the market conditions of that time. The current assessed value provides a more recent municipal valuation, but market value can differ. Understanding any changes made to the property by the sellers since 2021 would be important.

5. What should I consider about a one-storey home with no basement?
The single-level living is appealing for accessibility and ease of movement. The absence of a basement means all mechanical systems, storage, and living space are on the main floor, which simplifies layout but also requires creative storage solutions and means there is no below-ground area for storm shelter or traditional utility/workshop space.