Property Summary: 103 Verbena Street, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This is a solid, one-storey home in Winnipeg's Garden City neighborhood, built in 1966. With 1,108 sqft of living space and a renovated basement, it offers functional, single-level living. The property includes a detached garage and sits on a 5,719 sqft lot. Its assessed value is notably below the average for its immediate street, which may present a value opportunity in the context of the broader area.
The primary appeal lies in its practicality and position as a manageable, updated property in an established community. The renovated basement adds valuable finished space, and the home's age is actually newer than many in Garden City. It would suit first-time homebuyers looking for a move-in-ready starter home, downsizers seeking a single-level layout without a condo fee, or value-focused investors attracted by its below-street-average assessment and recent sale history indicating appreciation.
A less obvious perspective is that while the lot size is below average for the area, it may represent a "lower-maintenance" yard—a potential perk for buyers who want outdoor space without extensive upkeep. Additionally, its consistent middle-of-the-pack rankings city-wide suggest a stable, predictable property without extreme outliers in size or value.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to likely market value?
While the assessed value is a key municipal metric for taxes, market value is determined by current buyer demand. The fact that this home's assessment is below the street average could be attractive, but a professional appraisal or comparative market analysis is needed to determine its true market price.
2. What does the sales history indicate?
The home sold in March 2022 and previously in September 2016. The price range increased significantly between those sales, reflecting broader market trends. For exact sold prices, you must request the information directly from the listing service.
3. Is the renovated basement permitted and finished to a high standard?
The listing notes the basement is renovated, but specifics on the quality, permits, and the nature of the renovation (e.g., legal suite, recreational space) are not provided. This is a critical point for verification during a viewing or inspection.
4. What are the implications of the lot size being below area averages?
The lot is smaller than many in Garden City. This typically means less yard maintenance and potentially less privacy, but also limits expansion possibilities. It's a trade-off that suits those prioritizing ease of upkeep over extensive outdoor space.
5. Who is responsible for verifying the "comparative" rankings shown?
The rankings (e.g., Top 65% for living area) are useful for quick benchmarking against nearby homes. However, the specific "comparable" homes used in these calculations are not listed. Buyers should work with their agent to perform their own, tailored comparative analysis based on the most recent and relevant sales.