Property Overview: 797 Airlies Street, Garden City, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Garden City is defined by two standout features: an exceptionally large lot and a recently renovated basement. With nearly 8,000 square feet of land, the property ranks in the top 3% for lot size on its street, offering rare potential for expansion, gardening, or outdoor living. The home itself, built in 1957, provides a comfortable 1,282 sqft of living space, which is above average for the immediate area. A key modern update is the finished basement, adding functional living space. The attached garage and the home's assessed value, which is above average for the neighbourhood, round out the practical profile.

The primary appeal lies in its land value and space. It’s a property where the yard is a major asset, not an afterthought. It would suit a buyer looking for a solid, single-level home with immediate move-in readiness from the basement renovation, but who also values long-term potential. This could be a young family desiring room for children and pets to play, a hobbyist gardener, or a pragmatic buyer viewing the lot as a strategic investment for future expansion or redevelopment in a well-established neighbourhood.

Section 2: Frequently Asked Questions

1. How does the sold price compare to the assessed value?
Based on public data, the home sold in March 2025 for between $444,500 and $475,000. This is significantly higher than its $385,000 assessed value, which is common in active markets where assessed values lag behind current sale prices. This recent sale indicates strong market interest.

2. Is the large lot size typical for Garden City?
No, it's well above average. This lot is in the top 6% within the broader Garden City area and the top 3% on Airlies Street itself, making it a notable feature compared to neighbouring properties.

3. What does the "above average" ranking for assessed value mean?
It means this home’s official city assessment is higher than most comparable homes. On Airlies Street, it ranks in the top 7%, and in Garden City, the top 17%. This often reflects desirable attributes the city recognizes, like the renovated basement and large lot, but it's not a direct predictor of sale price.

4. The home was built in 1957. What should I consider?
While the basement has been renovated, a home of this age will likely have original core components, like the roof, windows, and major systems (plumbing, electrical, heating). A thorough inspection is essential to understand the condition and timing of any needed updates or maintenance.

5. Are there similar homes available for comparison?
The listing references nearby properties on the same street and others like 37 Bluebell Avenue and 26 Daffodil Street, which are similar in age, size, and assessed value. These can provide useful benchmarks for layout, condition, and value within Garden City.