Property Overview

This two-storey home at 73 Leicester Square in Winnipeg's Jameswood neighbourhood presents a practical opportunity. Built in 1957, it features 1,176 sqft of living space and a renovated basement. The property sits on a 4,879 sqft lot and does not include a garage or pool.

Key Characteristics & Appeal

The primary appeal of this home lies in its solid fundamentals within its immediate context. While its living area and assessed value are above average for both its street and the broader Jameswood area, the lot size is notably smaller than most neighbours. This creates a specific dynamic: you get a well-sized, efficiently laid-out house on a more manageable parcel of land, which can mean less yard maintenance.

Its strongest characteristic is the renovated basement, adding valuable finished space. The home would suit first-time buyers or downsizers looking for a move-in-ready footprint in an established neighbourhood without the burden of a large yard. It’s also a sensible option for value-focused buyers who prioritize interior updates and neighbourhood comparables over expansive outdoor space. A less obvious perspective is that a smaller lot in a mature area like Jameswood often translates to a more neighbourly streetscape and potentially lower property taxes relative to houses on larger lots.

Frequently Asked Questions

1. Is the smaller lot size a significant drawback?
It depends on your priorities. It means less private outdoor space and gardening potential, but also significantly reduced maintenance. For those seeking a low-maintenance yard, it could be an advantage.

2. What does "above average" assessed value for the area mean?
It indicates the city's assessment of this property is higher than many around it, often reflecting updates (like the renovated basement) or desirable traits. It doesn't directly predict market selling price, but suggests the home has attributes valued by assessors.

3. The home was built in 1957. What should I be aware of?
While the basement has been renovated, a home of this age may still have original components elsewhere, such as plumbing, electrical, or windows. A thorough inspection is recommended to understand the condition of these older systems.

4. There's no garage. What are the parking options?
The listing indicates no garage, so parking would be via driveway or on-street. It’s worth verifying the driveway capacity and local street parking regulations.

5. How can I find out the exact historical sold prices?
The listed sold prices are estimated ranges from public data. As noted on the detail page, you can request the exact sold price history by emailing the source directly, which they provide manually without obligation.