Property Overview: 62 Primrose Crescent, Garden City, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home on Primrose Crescent is a study in contrasts, offering a specific value proposition. Its key characteristic is its modern age relative to the area—built in 1976, it is notably newer than almost all immediate neighbours and most homes in Garden City. This suggests a potentially updated foundation and systems compared to the typical area build from the 1950s and 60s.

The appeal lies in its efficiency and manageability. With 896 sqft of living space and a renovated basement, it offers functional space without the upkeep of a larger home. The detached garage adds utility. Its assessed value is consistent with area norms, indicating a stable, entry-level point in the market.

This property would best suit first-time buyers, downsizers, or pragmatic investors seeking a low-maintenance footprint in a well-established neighbourhood. It’s a practical choice for those who prioritize a newer build year over larger interior or yard space, as both the living area and the 3,149 sqft lot are significantly smaller than local averages.

Section 2: Frequently Asked Questions

1. Is this a good value for the area?
The assessed value is around the average for the street and city, suggesting it’s priced in line with market expectations. The value proposition is tied more to the home’s newer age than its square footage.

2. Why is the lot size so much smaller than neighbours?
The property has one of the smallest lots on the street and in Garden City. This is likely due to its later construction date, reflecting different subdivision standards in the 1970s compared to the 1950s.

3. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the scope. This would require clarification on the finish quality, ceiling height, permits, and whether it includes a secondary suite or legal egress.

4. How does the 2017 sale price relate to today’s value?
The home sold for an estimated $21.5k–$24.5k in 2017. The current assessed value of $32.5k reflects market changes over seven years, but a professional appraisal or comparative market analysis would be needed for an accurate current valuation.

5. Are there any concerns with a home built in 1976?
While newer than its neighbours, a 1976 home may still contain original materials like aluminum wiring or certain plumbing components that were common in that era. A thorough inspection is recommended to identify any period-specific updates that may be needed.