Property Overview: 108 Coralberry Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Garden City presents a practical and solid opportunity. Its key appeal lies in a combination of above-average lot size, a recently renovated basement, and a detached garage, all within a mature neighbourhood. At 1,100 sqft, the living space is functional and aligns with the area's average, making it a comfortable size for smaller households.
The data reveals several strengths: the property holds an assessed value that ranks notably above average for its immediate street and neighbourhood, suggesting it is viewed favorably relative to its peers. The lot size of over 6,000 sqft is a significant asset, offering ample outdoor space that is increasingly rare. As one of the older homes on its street (built 1960), it may possess a character and established landscaping that newer builds lack. The two recent sales in 2020 indicate active market history.
This home would best suit first-time buyers, downsizers, or practical investors seeking a manageable, single-level layout with a low-maintenance exterior. It’s ideal for someone who values private outdoor space and a stable, established community over brand-new construction. The renovated basement adds valuable flexible space for a growing family, a home office, or a recreational area.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to likely market value?
While the assessed value is strong for the area, market value is determined by current buyer demand. The detailed sold price history (available by request) for 2020 shows a clear upward trend, providing a concrete baseline for recent market activity.
2. What are the implications of the home's age?
Built in 1960, the home is part of the neighbourhood's original fabric. Buyers should budget for potential updates to major aging components like the roof, windows, or plumbing, which are common for homes of this era, while also appreciating the established trees and mature community feel.
3. Is the lot size a major advantage?
Yes. The lot is larger than most on the street and in the city overall. This provides more privacy, room for gardening, play space, or future additions like a shed or deck, which can be a long-term value driver.
4. Who might the detached garage suit?
A detached garage is ideal for those with hobbies, requiring workshop space, or wanting separate storage for vehicles, bicycles, and seasonal items. It also offers potential for conversion into a creative studio or home gym, subject to local bylaws.
5. What can the sales history tell us?
The two sales in 2020, particularly the jump in price from July to October, indicate responsive market value. Requesting the exact sold prices can help identify the price trajectory and understand how the home has been valued in different market conditions.