Property Overview: 490 Garlies Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1944, stands out in its immediate area for its above-average living space. With 1,543 square feet, it offers significantly more room than most comparable homes on Garlies Street and in the wider Inkster-Faraday neighbourhood. This makes it a notable find for buyers seeking a spacious character home without a premium city-wide price tag, as reflected in its modest assessed value.

The appeal lies in its relative size advantage and established location. It features a detached garage and a full, unrenovated basement presenting a blank canvas. The lot size is generous for the street. This property would suit a practical buyer—perhaps a growing family, a multi-generational household, or an investor—who values interior space over a modernized finish. It’s a home that offers immediate utility with the potential for future updates, positioned in a neighbourhood where it represents a top-tier option in terms of square footage.

A less obvious perspective is its financial positioning: while its assessed value is high for its immediate peers, it remains well below the Winnipeg city average. This suggests a property that delivers strong value within its community context, potentially offering more house for the dollar locally, but may not see equity gains at the same rate as properties in higher-assessment districts.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the city average?
Assessed values are relative. This home’s value is above average for its street and neighbourhood, indicating it’s a well-regarded property in the area. The lower city-wide comparison simply reflects the broader spectrum of Winnipeg’s housing market, where values vary greatly by location and property type.

2. What does "full, unrenovated basement" imply?
It means the basement is complete (likely finished or partially finished) but has not been recently updated. Buyers should budget for potential cosmetic updates or system reviews (like insulation, moisture control, or electrical) to tailor it to their needs, but it provides valuable additional space as-is.

3. How significant is the living area compared to nearby homes?
Very significant. The home is in the top 1% for living area on its street and the top 5% in Inkster-Faraday. You are getting roughly 50% more space than the average comparable home nearby, which is a major functional advantage.

4. The home was built in 1944. What should I consider?
While the structure has proven durable, a home of this age will have older components. A thorough inspection is essential to understand the condition of the roof, wiring, plumbing, and foundation. The positive trade-off is the potential for classic architectural details and more spacious rooms than newer builds in the area.

5. Can I get the exact historical sale price?
The listed sale price range is based on public data. The exact sale price is available by request from the listing source, which provides it via email as a manual service without using your contact information for marketing.