Property Overview

This one-storey home on a large lot in Garden City offers a practical, grounded opportunity. Its appeal lies in a specific set of characteristics: it provides above-average living and land space for the area at a below-average assessed value. This creates a value proposition centered on square footage and lot size rather than high-end finishes or a premium price tag. Built in 1958, it’s a classic Winnipeg post-war bungalow, likely appealing to buyers comfortable with a home of that era.

Key Characteristics & Ideal Buyer

The home’s 1,545 sqft living area and 7,494 sqft lot size are consistently above average for its street, neighbourhood, and city-wide, placing it in the top 15-30% for space. Conversely, its assessed value is notably below the Garden City average. This disconnect suggests a property where the land and foundational structure are the primary assets, possibly requiring updates or presenting a "blank canvas" opportunity.

Its appeal is for value-conscious buyers prioritizing space and potential over turn-key condition. It would suit a first-time buyer looking for room to grow, an investor interested in the substantial lot, or a hands-on owner prepared to renovate. A less obvious perspective is its potential for multi-generational living; the single-level layout on a large lot could accommodate future additions or separate entrances. It’s a property for those who see utility and possibility in its generous proportions and are prepared to invest sweat equity or capital into its future.

Frequently Asked Questions

1. Why is the assessed value below the neighbourhood average despite the above-average lot and living space?
This is a key point of the listing. It typically indicates that the home’s improvements (the house itself) are valued lower than those on comparable lots, often due to age, condition, or a lack of modern renovations compared to neighbours.

2. What does the sold price history range (e.g., $27.5k - $30.5k in 10/2023) represent?
The site clarifies this is an estimated range based on public data. For the exact historical sale price, you must request it via email from their service, which they provide manually without using your email for marketing.

3. Is the detached garage included?
Yes, the listing header specifies a "Detached" garage. The size and condition are not detailed here and would require further inquiry.

4. How does the "Top X%" ranking work for each metric?
A "Top 30%" rank for living area, for example, means this home’s square footage is greater than 70% of the comparison group (street, area, or city). The coloured bar visually represents this outperformance, with a vertical line showing the median benchmark.

5. What are the implications of a 1958 build date?
While the mechanical systems and structure may have been updated, a home of this age likely has original or older components like plumbing, electrical, windows, and insulation. A thorough inspection is essential to understand the condition and any needed upgrades, which aligns with the value-focused appeal of the property.