Property Overview: 62 Arrowwood Drive S, Garden City, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey bungalow in Garden City is a property defined by solid fundamentals and clear potential. Built in 1959, it offers 1,095 sqft of living space, which is comfortably average for the neighbourhood. Its most standout feature is the land: at 6,380 sqft, the lot size is well above average for the street, area, and city, offering a generous and private outdoor space that is increasingly rare.

The home’s appeal lies in its position as a straightforward, honest canvas. It features a functional layout, an attached garage, and a full basement (noted as unrenovated), providing essential space and storage. The recent sale in late 2024 suggests it’s likely move-in ready, but the unrenovated basement also presents a clear opportunity for future customization and added value. The assessed value is modest relative to the area, which can be attractive for budgeting future improvements.

This property would suit first-time buyers seeking a home with a great yard in a stable neighbourhood, or practical investors looking for a rental with strong land value. It’s also a fit for downsizers who value single-level living and want space for gardening or family gatherings without the maintenance of a larger house.

Section 2: Frequently Asked Questions

1. What is the true condition of the home?
The listing notes the basement is "not renovated," which typically means it’s in original, functional condition. For the rest of the house, a viewing is essential to determine the state of major systems (roof, wiring, plumbing) and main-floor finishes, as a home of this age can vary greatly in upkeep.

2. How does the lot size benefit a buyer?
The above-average lot provides more privacy, space for children or pets to play, and room for additions like a shed, deck, or garden. It also represents a long-term value hold, as land is a finite resource.

3. Is the assessed value a reliable indicator of the market price?
Not directly. The assessed value ($33.5k) is for municipal tax purposes. The home sold for between $40.5k and $43.5k in late 2024, which is the relevant market indicator. Assessments often lag behind current market values.

4. What are the implications of buying a home with an unrenovated basement?
It offers both a pro and a con. The upside is lower initial purchase cost and the ability to finish the space to your own taste and standards. The downside is the immediate need for investment (time and money) to make it a comfortable living or recreational space, and potential concerns like moisture or insulation that should be inspected.

5. How does this home compare to others in Garden City?
The data shows it’s very typical in terms of living space, age, and value for Garden City. Its key advantage is its larger-than-average lot. Buyers should consider if they prioritize interior square footage or outdoor space, as this home leans toward the latter.