Property Summary: 52 Listowel Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Jameswood is a practical and well-situated property. Its key appeal lies in its generous 6,100 sqft lot, which ranks above average for both the immediate street and the wider neighborhood, offering ample outdoor space. With 1,092 sqft of living area, the house itself is a comfortable size, also ranking above average among its closest neighbors. Built in 1957, it is one of the older homes on the street and in Jameswood, which can suggest a well-established streetscape and mature landscaping.

The home’s assessed value is notably below average for the street and citywide, which may present a relative value opportunity in the area, especially when paired with the above-average lot size. It features a detached garage and has no basement or pool.

This property would suit a buyer looking for a solid starter home or downsizer who prioritizes yard space over a large interior footprint. It’s ideal for someone comfortable with a home from the late 1950s, likely appreciating its straightforward, single-level layout and the potential that comes with a larger lot. The value-oriented assessment and recent sale history suggest it could attract practical buyers or those seeing potential in the land itself.

Section 2: Frequently Asked Questions

1. What does the "below average" assessed value on the street indicate?
While the assessed value is lower than most neighbors on Listowel Bay, it’s around average for Jameswood as a whole. This discrepancy could be due to factors like the home’s specific condition, updates, or the configuration of the lot compared to others on the same block.

2. How significant is the lot size?
The lot is a standout feature. At 6,100 sqft, it’s larger than most in Jameswood. This offers more privacy, gardening space, and future expansion potential than is typical for the area, which is a key advantage.

3. What are the implications of the 1957 build date?
Being one of the first homes built on the street (ranking in the top 2% for age in Jameswood) means it has a proven, stable location. However, it also suggests that major original components, like the roof, windows, and mechanical systems, may be at or beyond their typical lifespan and should be carefully inspected.

4. There’s no basement. How does that affect living and storage?
The lack of a basement means all living space is on the main floor, which can be a benefit for accessibility. However, it also reduces storage and utility space. The detached garage and larger lot may help offset some storage needs.

5. The home sold in 2020. What can that price range tell me?
The sold price range from 2020 provides a recent market benchmark. When compared to the current assessed value, it can help gauge how market values and municipal assessments have moved in the area over the past few years, though it does not dictate the current listing or sale price.