Property Overview: 66 Bourkewood Place, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1957, presents a classic and practical opportunity in the Jameswood neighbourhood. Its key appeal lies in its balance of a well-established location and a manageable scale. The home itself is compact at 937 sqft with a renovated basement, making it efficient and likely easier to maintain than larger properties. While the living space is below average for the immediate area, it sits on a nearly 5,000 sqft lot, which is a notable asset. This generous outdoor space offers clear potential for gardening, expansion, or simply enjoying a larger yard—a feature that becomes increasingly valuable.

The home’s assessed value is very typical for Jameswood, suggesting it is priced in line with neighbourhood norms rather than standing out as premium or fixer-upper. Its standout characteristic is actually its age: it ranks among the oldest homes on its street and in Jameswood. For some, this indicates character and established roots; for others, it signals a need for a thorough inspection to understand the condition of older components. This property would suit first-time buyers, downsizers, or practical investors looking for a foothold in a mature neighbourhood without the footprint of a large house. Its value proposition is a decent lot in a settled area, with the home itself serving as a functional starting point.

Frequently Asked Questions

1. What does the "Elite" ranking for Year Built really mean?
It indicates this home is one of the very first built on the street and in Jameswood, dating to 1957. This can mean a well-established streetscape and mature landscaping, but it also places extra importance on understanding the upkeep and updates to roofing, wiring, and plumbing over the decades.

2. The living area is ranked below average. How impactful is that?
The home’s footprint is modest. The renovated basement adds functional space, but the above-ground living area is cozier than many nearby homes. This is a trade-off: it translates to lower utility costs and less maintenance, but may feel cramped for those needing multiple large bedrooms or dedicated living spaces.

3. The lot is large, but ranked poorly on the street. Why?
While the lot is a strong feature city-wide, the ranking shows that Bourkewood Place and Jameswood are characterized by even larger lot sizes. Your yard is still a significant asset, but direct neighbours may have more land. This context is helpful for understanding the street’s overall character.

4. Is the assessed value a reliable indicator of the selling price?
The assessed value ($29.80k) is for municipal tax purposes and is consistently average for Jameswood. Market price is determined by current conditions, the home’s specific condition, and buyer demand. Recent sale prices on the street, like the 2016 sale in the $24.5k-$27.5k range, provide historical context but may not reflect today’s market.

5. There’s no garage. How big of a consideration is that?
The lack of a garage is common for homes of this era. Buyers should consider the cost and feasibility of adding a garage or carport in the future, and factor in street parking availability, especially during Winnipeg winters.