Property Overview: 128 Arrowwood Drive N, Garden City, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Garden City presents a distinct value proposition centered on its lot and location rather than its interior size. Built in 1959, the house itself is modest at 1,016 sqft, placing it below average in size for the street, neighbourhood, and city. However, its key strength lies in its proportionally large, 6,048 sqft lot, which ranks above average both on the street and citywide. This offers significant outdoor space and potential in a mature area.

The home’s primary appeal is its strong assessed value relative to its immediate surroundings. It ranks in the top 13% on its street and top 19% in Garden City for assessed value, suggesting it is viewed as a solid asset in its local market. The detached garage and renovated basement add functional utility. This property would suit first-time buyers or downsizers seeking an affordable entry into a stable neighbourhood with room to garden or expand outdoors. It’s a practical choice for those who prioritize land value and location over a large living area, with the understanding that the home itself may require updates to match its lot’s potential.

Section 2: Frequently Asked Questions

1. Why is the assessed value relatively high when the house is smaller than average?
The assessment likely reflects the desirable lot size, the renovated basement, and the property's strong standing within the specific context of Arrowwood Drive and the Garden City area, where it outperforms many peers.

2. What does the "below average" living area ranking mean for daily living?
It means the interior is compact. Efficient use of space is essential. The renovated basement is a key feature, effectively adding usable square footage that isn't captured in the main living area metric.

3. How does the lot size compare, and what can I do with it?
At over 6,000 sqft, the lot is a standout feature. It offers ample space for gardening, recreation, or future additions like a shed or deck, providing a sense of openness uncommon for the price point in the city.

4. The home sold in late 2022. What can that price range tell me?
The sold price range from 2022 provides a recent market benchmark. Given the current assessed value and the time elapsed, it serves as a useful reference point for understanding market trends and the property’s perceived value trajectory in the area.

5. Are the nearby "similar assessed value" properties also similar in style?
Not necessarily. The list groups properties with identical municipal assessed values, which is a financial metric. Those homes may be in different neighbourhoods and of different styles. For true comparables, focus on the "Nearby properties" and "For reference" examples provided, which are geographically and structurally similar.