Property Overview: 30 Morrison Street, Garden City, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home, built in 1961, presents a practical and straightforward opportunity in Winnipeg's Garden City neighborhood. Its key appeal lies in its balance of a generous, above-average lot size (over 6,250 sqft) with a modest, renovated basement, offering room for outdoor projects or gardening on a property that feels more spacious than many of its direct neighbors. The living area of 1,189 sqft is functional and typical for the area.

The home’s most notable characteristic is its value positioning. With a recently sold price and an assessed value significantly below both the immediate street and broader city averages, it represents an accessible entry point into the market. This isn't a luxury property, but a solid, no-frills home. It would suit first-time buyers seeking a manageable footprint with a good-sized yard, or an investor looking for a rental property with a renovated basement suite potential (subject to zoning verification). Its appeal is for those who prioritize land space and fundamental livability over premium finishes or square footage, and who see potential in a home that is priced for practicality rather than prestige.

Section 2: Frequently Asked Questions

1. Is the price too good to be true? What's the catch?
The price reflects the home's position as one of the more modest properties on its street and in Garden City. There is no "catch," but buyers should understand they are purchasing a smaller, older home (65 years) that ranks below average for size and assessed value on its own block. The value comes from the land and a renovated basement, not from high-end features or excess space.

2. How does the lot size compare?
The lot is a significant positive. At 6,267 sqft, it is larger than about 75% of the homes on Morrison Street and ranks above average citywide. This provides valuable outdoor space that is not reflected in the home's living area.

3. What does "renovated basement" mean?
The listing confirms the basement has been renovated, but the specific scope, quality, and legality (e.g., proper permits, ceiling height, egress) are not detailed. A professional inspection is crucial to determine if it's a modern living space, a basic finish, or something in between, and to verify it meets all safety and building code standards.

4. The home has no garage. How big of an issue is this?
For many buyers in this price segment, a lack of garage is a common trade-off. The large lot does offer potential for adding a shed or future garage (subject to bylaws and budget), but you should budget for off-street parking solutions and winter vehicle preparation from the outset.

5. Why is the citywide assessed value comparison so different?
The data shows a dramatic jump from the local average (~$35k-$36k) to the citywide average ($390k). This stark difference likely indicates a data discrepancy or a different valuation methodology for this specific property class or area. Rely more on the recent sold price and the comparisons within Garden City and on Morrison Street for a realistic market context.