Property Overview: 107 Coralberry Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Garden City is a practical, renovated bungalow on a manageable lot. Its key characteristics include 1,054 sqft of living space, a renovated basement, and a detached garage. Built in 1959, it sits on a 5,498 sqft lot.
The primary appeal lies in its solid foundation as an updated, single-level living option in an established neighbourhood. The renovated basement adds functional space, and the home’s assessed value ($330k) positions it as a more accessible entry point within the city-wide market. While its living space and lot size are below average for its immediate street and Garden City area, this translates to less maintenance and a potentially lower price point compared to larger homes nearby.
This property would suit first-time buyers seeking a move-in-ready home with modern updates, or downsizers looking for comfortable single-level living without an overwhelming yard. It’s a pragmatic choice for those who value the character of an older neighbourhood but want the conveniences of recent renovations.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to the neighbourhood?
At 1,054 sqft, the living area is below the average for both Coralberry Avenue and the wider Garden City area. This suggests a more compact, efficient layout that may appeal to those seeking a cozy, lower-maintenance home.
2. What does the assessed value tell me?
The $330k assessment is below average for the immediate area but aligns more closely with the Winnipeg city-wide average. This can indicate a value opportunity within Garden City, though the final sale price will be determined by the market.
3. Is the lot size a disadvantage?
The lot is under 5,500 sqft, which is smaller than many in the area. For some, this means less outdoor upkeep. For others, it may limit expansion possibilities or spacious gardening. It’s a trade-off between manageable maintenance and ample private outdoor space.
4. The home sold in late 2019. What context is important?
The last recorded sale was between $265k-$295k in October 2019. Market conditions have shifted significantly since then, so that price is a historical data point rather than a direct indicator of current value. The renovations likely occurred after this sale.
5. Who might this home not suit?
Buyers needing significant space, either indoors or outdoors, may find it limiting. Families requiring multiple large bedrooms or those wanting an expansive yard for recreation might want to consider larger properties in the area. It’s best for those with modest space needs.