Property Overview: 112 Garden Road, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1946, sits on a mature lot in Bruce Park. With 1,249 sqft of living space and an unrenovated basement, it presents as a classic post-war property. Its key appeal lies in its land value and location, offering a solid entry point into a stable neighbourhood. The lot size is generous for the area, providing outdoor space and potential. Data shows its assessed value and recent sale price are notably below averages for its immediate street, neighbourhood, and the wider city, suggesting it may be priced for its condition rather than its location.

This home would suit a value-conscious buyer looking for a footprint in a established community, willing to take on updates over time. It’s a practical choice for a first-time buyer, an investor, or someone seeking a lower-cost property with the security of a larger, valuable lot. The unrenovated state offers a blank canvas for personalization without paying a premium for recent, possibly subjective, upgrades.

Frequently Asked Questions

1. Is the below-average assessed value a concern?
Not necessarily. A lower assessment often reflects the home’s original condition and can mean relatively lower property taxes, which is an ongoing savings. It indicates the value is primarily in the land and location, not in recent high-end finishes.

2. What does "one-and-a-half storey" typically mean for a 1940s home?
This style usually features a main floor with principal rooms and a second floor under sloping roof lines, often creating cozy bedrooms with character. It’s efficient to heat and has a classic, charming profile.

3. The home sold for $220k in 2022. How is that context helpful?
Knowing the recent sale price provides a concrete market benchmark. It shows what a buyer was willing to pay under the market conditions at that time, offering a solid reference point for its current value.

4. The lot is large, but what are the implications?
A larger lot in an older neighbourhood offers more privacy, space for gardens or additions, and often greater long-term value appreciation. It also means more yard maintenance, which is a consideration for some buyers.

5. Who are the typical neighbours?
The nearby properties and reference home suggest a mix of similar vintage homes, indicating a settled, established streetscape. This often translates to stable ownership and a consistent community character.