Property Summary: 937 Jameswood Drive, Winnipeg

Key Characteristics & Buyer Profile

This is a 1957 bungalow with 937 square feet of living space on a 5,069-square-foot lot. The living area is below average for its street, neighbourhood, and the city at large—ranking in the bottom 20% citywide. Its assessed value of $314,000, however, sits above the local median, landing in the top third of the Jameswood area and the top 22% of its street. The year built (1957) places it among the older homes in the area, ranking in the top 3% of Jameswood Drive for age.

The property’s appeal lies in its combination of a smaller, older floor plan with a relatively high assessed value. This suggests the value is tied more to the lot, location, or condition of the home than to sheer square footage. For a buyer, this could mean a more established character or a well-maintained interior in a desirable pocket of Winnipeg. It would suit someone who prioritizes a manageable, single-level footprint and a mature neighbourhood over a large, modern open-plan layout. It may also appeal to investors or downsizers who see potential in a modest home on a solid lot in a stable area—though the below-average land size relative to the street means expansion options are more limited than other properties nearby.

Five Frequently Asked Questions

1. How does property value compare if the living area is smaller than average?
Living area is just one factor in assessed value. This property’s above-average valuation despite its size suggests other elements—such as lot value, recent renovations, or location within the street—are contributing significantly. It’s worth reviewing the home’s condition and any upgrades before assuming size alone drives price.

2. Is an older property like this more expensive to maintain?
The 1957 build date means the home is likely due for some major system updates if they haven’t been done recently—roof, furnace, windows, electrical. That said, older homes in this area often have solid construction and established landscaping. A thorough home inspection is recommended to assess current condition rather than assuming age equals problems.

3. How does the lot size affect usability or future resale?
At 5,069 square feet, the lot is average for the neighbourhood but on the smaller side for Jameswood Drive specifically. This may limit potential for major additions or a large garage. It does, however, mean less yard maintenance and possibly a more compact, walkable layout.

4. What does the “top 3%” ranking for year built actually mean?
It means this is one of the oldest homes on Jameswood Drive. While some buyers value modern construction, others appreciate the character, established trees, and often lower density of older neighbourhoods. The ranking also reflects that the street has seen newer infill or redevelopment over time.

5. How does this property compare to similar listings in Winnipeg?
Citywide, this home’s living area is in the bottom 20%, while its assessed value is in the bottom 34%. That indicates it is relatively affordable compared to the broader market, but not a bargain—especially given its age. Buyers should compare it to other post-war bungalows in Winnipeg’s mature suburbs to see if the price aligns with recent sales.