Property Overview: 112 Lincrest Road, Garden City, Winnipeg
Key Characteristics & Buyer Appeal
This is a solid, single-storey home built in 1961, presenting a practical and straightforward opportunity in Winnipeg's Garden City neighborhood. With 1,284 square feet of living space and a renovated basement, it offers functional space for daily life. The home sits on a 5,500 sqft lot, which is slightly more compact than many in the immediate Garden City area but is typical for its street and the wider city. Its assessed value positions it as an average offering within its market segments, suggesting it is priced in line with community norms rather than standing out as a premium or fixer-upper extreme.
The appeal lies in its unpretentious, move-in-ready foundation—particularly the updated basement—and its location in a stable, established community. It suits first-time homebuyers seeking a manageable property without unexpected extremes, or downsizers looking for a single-level layout in a quiet neighborhood. A thoughtful perspective is that its "average" metrics across the board can be a strength: it likely avoids the premium costs of a top-tier property or the major investment demands of a lower-tier one, representing a balanced, low-drama entry into homeownership.
Frequently Asked Questions
1. Is the lot size a disadvantage?
While the lot is below the Garden City area average, it is very typical for Lincrest Road itself and city-wide benchmarks. It provides a manageable yard space without excessive maintenance.
2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or agent to understand the finish quality, permitted status, and what the space is ideally suited for (e.g., recreation, additional bedrooms).
3. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes. While it provides a general benchmark, the final sale price will be determined by current market conditions. The home's recent sale history (last sold in 2016) suggests a professional appraisal or market analysis would be valuable.
4. Are there any obvious concerns given its age?
Built in 1961, the home is of an age where core systems (roof, plumbing, electrical, foundation) may be at or beyond their typical lifespan. A thorough home inspection is strongly recommended to assess their condition, even with a renovated basement.
5. What is the parking situation without a garage?
The property has no garage. Buyers should verify on-site parking options, such as a driveway, and review any local street parking regulations to ensure it meets their needs.