Property Overview: 91 Verbena Street, Garden City, Winnipeg

Section 1: Key Characteristics & Buyer Appeal

This is a classic, one-storey bungalow built in 1961, situated on a standard residential lot in Winnipeg's Garden City neighborhood. With 1,192 sqft of living space, its size is very typical for the area, offering a practical layout for everyday living. A key feature is the existing, unrenovated basement, presenting a clear opportunity for future expansion or customization to suit a buyer's needs.

The primary appeal of this property lies in its value proposition. Its assessed value is significantly below the average for its immediate street and neighborhood, which often indicates a more accessible entry point into the market. This positions it well for first-time homebuyers, investors, or practical downsizers who are comfortable with a home that may require updates over time. The charm here isn't in high-end finishes, but in solid fundamentals and potential. It suits a buyer with a vision who sees the basement not as a drawback, but as a blank canvas, and who values a lower tax assessment as a foundation for building equity through thoughtful improvements.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than neighboring homes?
A significantly lower assessment can be due to several factors, including the home's original condition, lack of major renovations, and specific market valuations by the assessor. It often reflects a property being priced for its land and basic structure, with less value attributed to modern upgrades.

2. What does "basement yes, not renovated" imply?
It confirms the house has a full basement, but it remains in its original or largely unfinished state. Buyers should budget for potential updates, but this also means there are no poorly executed DIY renovations to undo. It's a straightforward starting point.

3. How does the lot size compare?
At 5,719 sqft, the lot is slightly smaller than the Garden City average but is still a generous city lot. It provides ample outdoor space for gardening, play, or entertaining without the burden of excessive maintenance.

4. What can recent sold prices tell me?
The sold price ranges from 2019 and 2022 show a history of value well below the citywide average, consistent with its profile. This reinforces its position as a more affordable option in Winnipeg. For precise figures, you can request the exact sold price history via email from the listing source.

5. Is the older roof or major systems a concern?
Given the home's age (65 years), prudent buyers should anticipate that major components like the roof, windows, or furnace may be nearing or beyond their typical lifespan. An inspection is highly recommended to understand the condition and prioritize any necessary repairs.