Property Overview & Key Characteristics
This one-and-a-half storey home, built in 1946, is situated on a spacious lot in Bruce Park. Its key features include a renovated basement and a living area of approximately 1,150 square feet. The property presents a grounded opportunity, with its assessed value and lot size being generally in line with neighbourhood averages. Its appeal lies in its established location and the value of the land itself. The home would suit a practical buyer looking for a solid foundation—perhaps a first-time homeowner comfortable with a property that has character and room to grow, or an investor interested in the lot's potential. A less obvious perspective is that, while the living space is modest, the below-average sale price history compared to the city suggests room for equity growth through updates, making it a candidate for a buyer with a vision and a renovation budget.
Frequently Asked Questions
1. How does the lot size compare to others?
At just over 5,300 square feet, the lot is slightly below the average size for Garden Road itself but is very typical for the broader Bruce Park neighbourhood and the city.
2. Is the home newer or older than most in the area?
Built in 1946, it is slightly older than most homes on its street and significantly older than the Winnipeg citywide average, placing it in the category of a classic, established home.
3. What is the significance of the assessed value?
The assessed value is around the neighbourhood average. It's important to note that this is for municipal tax purposes and a market sale price can differ based on condition, updates, and market demand.
4. Has it been sold recently?
Yes, it was last sold in September 2017. The sale price at that time was below average for the neighbourhood and the city, which may indicate it was a value purchase or in need of updates at the time.
5. What are the immediate neighbouring properties like?
The addresses on either side (108 and 112 Garden Road) are very close, approximately 15 meters away, which is typical for the street. This indicates a standard, established residential streetscape.