Property Overview: 1 Salvia Bay, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Garden City is a practical and straightforward property built in 1957. With 1,389 sqft of living space, it offers roomy, single-level living and sits on a 6,055 sqft lot, which is notably larger than many city-wide averages, providing good outdoor space. Key features include a detached garage and a basement (not renovated), but no pool.
The primary appeal lies in its value proposition and lot size. The home’s assessed value is significantly below average for its immediate street and neighbourhood, suggesting a potentially lower entry point or tax assessment. This creates an opportunity for buyers comfortable with a home that likely requires updates, offering a chance to add value. The generous lot is a standout asset for gardening, expansion, or simply enjoying more private outdoor space than is typical.
This property would best suit a value-conscious buyer, such as a handy first-time homeowner willing to take on gradual renovations, or an investor looking for a solid rental property with a good land-to-building ratio. Its one-storey layout also makes it a potential candidate for those planning for long-term accessibility.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes on Salvia Bay?
The assessed value ranks in the bottom 10% on its own street. This typically reflects the home’s condition, specific market factors, or features compared to direct neighbours, and often indicates a property where the value is more in the land or the renovation potential than in the current finishings.
2. What does "basement, not renovated" imply?
It confirms the basement exists but is in original or functional condition, not updated. Buyers should budget for potential moisture-proofing, insulation, or layout updates to finish the space to modern standards.
3. How does the lot size compare practically?
At over 6,000 sqft, the lot is larger than 71% of properties city-wide. This is a significant advantage, offering more yard space, better privacy from neighbours, and greater potential for additions, sheds, or landscaping than a standard lot.
4. The home sold in 2016 and again in 2019. Should I be concerned?
The recent sales history suggests a property that may have been held as a rental or flipped. It’s wise to investigate the nature of those sales and any work done during those periods. The provided sold price ranges show appreciation between the two sales.
5. How does the living area square footage fit the neighbourhood?
At 1,389 sqft, it is above average for Garden City. This means the home offers more interior space than many in the area, which is a plus, but the value is tempered by the condition reflected in the lower assessment.