Property Overview: 70 Bourkewood Place, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in Jameswood presents a compelling mix of value and potential. Built in 1957, its key characteristic is a notably high assessed value relative to its immediate neighborhood and area, ranking in the top 14% on its street and top 23% in Jameswood. This suggests the property is viewed favorably in terms of its lot, location, or structure compared to nearby homes. However, with 937 sqft of living space, it is smaller than most comparable homes in the area, and the basement is noted as unrenovated. It sits on a modest, sub-5,000 sqft lot and features a detached garage.

The appeal lies in its position as a value-oriented entry point in a well-established neighborhood. For a buyer comfortable with a home that may require updates, the strong assessment could indicate solid underlying value and potential for equity growth as improvements are made. It would suit first-time buyers, practical downsizers, or value-focused investors looking for a character home in a mature area without a premium price tag. The unrenovated basement, while a project, offers a blank canvas for customization.

Section 2: Frequently Asked Questions

1. Why is the assessed value high when the house is smaller than average?
Assessed value considers more than just living space. Factors like the lot location within the neighborhood, the quality of the original build, and recent city-wide assessment trends can all contribute. In this case, the assessment suggests the property has strong inherent value on its street, possibly due to its desirable placement or condition of the main structure.

2. What does "one-and-a-half storey" mean for this home?
Typically, this style features a main floor with principal rooms and a second floor under sloping roof lines, often creating cozy bedrooms with character. It’s a classic Winnipeg design, offering more space and separation than a bungalow but often with a different layout than a full two-storey.

3. Is the smaller lot size a significant drawback?
At just under 5,000 sqft, the lot is smaller than most on the street. This means less yard for gardening or expansion, but it also translates to less maintenance. For buyers prioritizing indoor space or a low-maintenance exterior, this can be a practical trade-off.

4. What are the implications of an unrenovated basement?
This indicates the basement is in original or functional condition but hasn’t been modernized. It provides essential utility space and storage but presents an opportunity (and future cost) to finish it to create additional living area, should you choose. It’s important to budget for potential updates to insulation, flooring, or moisture management.

5. How reliable are the provided "sold price" ranges?
The ranges are based on publicly available data. For the most accurate historical sale price to inform your offer, you should request the exact figure via the provided email service, as this is verified manually from non-public records.