Property Overview: 48 Cherryhill Road, Garden City, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Garden City presents a compelling opportunity, particularly for its space and location. Its key characteristic is its generous 1,532 sqft living area, which ranks in the top 8% of homes on its own street and the top 16% within the Garden City neighbourhood, offering more room than most comparable properties. The home sits on a larger-than-average 7,470 sqft lot, providing ample outdoor space and ranking in the top 9% for land area in Garden City. It features an attached garage and a renovated basement, adding functional living and storage space.

The appeal lies in its strong positional metrics within a established community. While a 1959 build, it is actually among the newer homes on its specific street. This combination of above-average interior space, a sizable yard, and recent basement updates in a mature neighbourhood creates a solid foundation. It would suit buyers looking for a single-level living layout with room to grow, garden, or entertain outdoors. It’s ideal for those who value neighbourhood character over new construction and want a home that stands out in its immediate area for its lot size and living space without being a city-wide outlier in price.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to likely market value?
The assessed value is a municipal figure for tax purposes. While it ranks above average for its street and neighbourhood, it is around the city-wide average. Market value is determined by current sale prices, buyer demand, and the home's condition, so a professional appraisal or comparative market analysis is recommended.

2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the quality of the renovation, whether it includes a proper permit, the materials used, and if it added legal bedroom(s) or simply finished living space.

3. The home is older—what should I be mindful of?
Built in 1959, major systems like the roof, plumbing, electrical, and foundation should be carefully inspected. The upside is that the home is newer than most on its block, potentially meaning some upgrades may have already been addressed by previous owners.

4. How does the lot size benefit me?
At 7,470 sqft, the lot is significantly larger than many in Winnipeg. This allows for greater privacy, space for additions like a deck or shed, gardening potential, and room for children or pets to play. It also may offer future development potential, subject to zoning.

5. Are the nearby "similar value" properties actually comparable?
The listed properties with similar assessed values are in different neighbourhoods like Elmhurst and Varsity View. This highlights that assessed value is a broad administrative tool. True comparables are best found by looking at recent sales of similar-sized bungalows with similar lot sizes within Garden City itself.