47 Jaymorr Drive

Property Overview

47 Jaymorr Drive is a well-established, spacious bungalow in Winnipeg's Ridgedale neighborhood. Its primary appeal lies in offering substantial square footage and a large, private lot in a mature, quiet area. The home features a finished basement, an attached garage, and a functional one-storey layout built in 1973.

The property suits buyers looking for space and privacy without a premium price tag. It's ideal for a growing family that values a large backyard over a brand-new build, or for those seeking a single-level living footprint with room to expand downstairs. Its high city-wide rankings for lot size (top 5%) and living area (top 6%) highlight its standout characteristics in the broader market. A thoughtful perspective is that while the home's age and some rankings within its immediate street/community are average, it represents a "best in class" value for its size category across Winnipeg, offering more land and interior space than most properties city-wide. It would also suit a value-conscious buyer willing to put in gradual updates to a solid, spacious foundation.

Frequently Asked Questions

1. How does the 2022 sale price compare to the current assessment?
The home sold for $375,000 in July 2022 and is now municipally assessed at $539,000. This significant increase reflects broader market movements and the property's high valuation for lot and building size.

2. What does the "ranking" system mean?
The rankings compare this property to others on its street, in Ridgedale, and across all of Winnipeg for specific metrics (like size or age). For example, being in the top 5% in Winnipeg for lot size means 95% of city properties have a smaller lot. It's a quick way to see where this home excels or is average in different contexts.

3. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its current configuration and legality with the seller and local authorities if considering rental income.

4. What are the implications of the home's age (built 1973)?
A 53-year-old home offers mature landscaping and established neighborhoods but will likely have original or aging core components, like the roof, windows, or mechanical systems. A thorough inspection is essential to budget for potential updates.

5. The street-level rankings seem modest. Is that a concern?
Not necessarily. This indicates 47 Jaymorr is on a street of similarly sized, valuable properties. Its exceptional rankings city-wide show you are getting a lot more property for your money compared to most of Winnipeg, even if it's typical for its own desirable street.