Property Overview: 100 Teakwood Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a standard residential lot in Garden City presents a practical and value-oriented opportunity. Its key characteristic is a renovated basement, adding functional living space to the 1,030 sqft footprint. The detached garage offers flexible storage or workshop potential. Built in 1958, the home is of a typical vintage for the area, suggesting a classic layout and possible character, but buyers should be prepared for the maintenance that comes with an older home.
The appeal lies in its position as a solid, no-frills property within a well-established neighbourhood. The data indicates its assessed value is strong for its specific street, ranking in the top 17% on Teakwood Avenue, which could point to good upkeep or desirable lot attributes relative to immediate neighbours. It would suit first-time buyers seeking an entry point into homeownership, downsizers looking for a manageable single-level layout with a finished basement for family visits or hobbies, or value-focused investors interested in a stable rental property. A less obvious perspective is that a home ranking higher in value on its own street than in the wider area can signal a micro-location advantage or a property that has been incrementally improved over time, offering a stable foundation in a neighbourhood that may have a mix of conditions.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
At 1,030 sqft, the living area is slightly below the average for both the Garden City neighbourhood and Winnipeg overall, but is very close to the average for homes on Teakwood Avenue itself. This suggests the home is typical for its immediate surroundings.
2. What does the assessed value ranking tell me?
The assessment of $35.30k ranks significantly above the street average (Top 17%). This often reflects recent improvements (like the basement renovation), a favourable lot, or above-average condition compared to neighbours, which is a positive sign for underlying value.
3. Are the sold price histories provided exact figures?
No. The listed sold prices (e.g., $33.50k ~ $36.50k in 2022) are estimated ranges based on public data. To obtain the exact sale price, you must request it via email from the listing service, which they provide manually.
4. What should I consider about the home’s age?
Built in 1958, major systems like roof, plumbing, electrical, and the foundation are likely original or have undergone various updates. A thorough inspection is crucial to understand the condition and anticipate potential maintenance or upgrade costs common to homes of this era.
5. Is the lot size a pro or con?
The 4,631 sqft lot is near the city-wide average but is below average for the Garden City area specifically. This means outdoor space is adequate for a garden or deck, but may not be as large as some other properties in the broader neighbourhood.