Property Overview
This 4-level split home at 103 Forest Park Drive in Winnipeg's Garden City neighbourhood presents a practical and well-positioned offering. Built in 1963, it features 1,480 sqft of living space, an attached garage, and a renovated basement. The home sits on a 5,997 sqft lot. Its assessed value is notably above average for the Garden City area, indicating a solid standing within this specific community.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance and established neighbourhood context. While its living space is modest compared to some immediate neighbours, it is above the average for Garden City and aligns with the Winnipeg citywide average, suggesting a comfortable, manageable size. The renovated basement adds functional living space. Its assessed value ranking in the top 12% for Garden City is a significant point, often reflecting factors like lot location, property condition, or recent improvements valued by the assessor.
This home would suit a buyer looking for a move-in ready foundation in a mature neighbourhood without the upkeep of a larger property. It’s a strong candidate for first-time homeowners, small families, or downsizers who value the Garden City community. The 4-level split layout offers good separation of living spaces, and the above-average assessment for the area could signal a history of maintenance or updates that contribute to its value proposition, even if the lot size is slightly smaller than others on the street.
Frequently Asked Questions
1. What does the "above average" assessed value for Garden City actually mean?
It means that, according to municipal assessment data, this home's value is ranked higher than 88% of comparable properties in the Garden City area. This can be influenced by the renovated basement, lot specifics, or overall condition, but it's important to distinguish assessed value from current market value.
2. How does the smaller lot size impact the property?
At just under 6,000 sqft, the lot is below the average for Forest Park Drive itself. This may mean a smaller backyard than some neighbours but could also translate to less maintenance. It's a trade-off to consider based on your need for outdoor space.
3. Is the sold price from 2021 relevant today?
The sold price range from April 2021 ($385k-$415k) provides historical context but does not reflect the current market. It's most useful for understanding the property's price trajectory and should be used alongside a current professional market evaluation.
4. What are the implications of a 4-level split design?
This design creates multiple half-levels, offering good separation between living, sleeping, and recreational areas. However, it also means more interior stairs, which is a consideration for mobility or for those who prefer single-level living.
5. How can I get the exact historical sold price?
The exact sold price is not publicly displayed. As noted on the listing, you can request it by email through the provided form. They state the information is manually verified and will be sent directly to you, typically by the end of the same business day.