Property Overview: 116 Gilia Drive, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Gilia Drive is a solid, no-fuss property that offers strong value in its established Garden City neighborhood. Built in 1961, its key appeal lies in a recently renovated basement, adding modern living space to the 1,290 sqft footprint. The lot size of 5,498 sqft is generous for the immediate street, providing good outdoor space.
The home’s standout characteristic is its financial positioning. With an assessed value ranking in the top 5% on its own street and top 13% in Garden City, it signals a property that has been valued significantly higher than many of its direct peers. This is reinforced by a clear appreciation trend in recent sold prices. The appeal here is practical: you get a move-in ready, single-level living space with a updated basement in a neighborhood where the investment has historically held strong relative value.
This property would suit first-time buyers looking for a manageable home without major immediate projects, or downsizers seeking single-level convenience. It’s also a sensible choice for value-oriented buyers who appreciate a home that outperforms its local market in terms of assessment—a sign of good upkeep or desirable features not immediately obvious in the basic stats.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" include?
While the listing confirms the basement is renovated, specifics on the finish quality, room types (e.g., bedroom, living area), and when the renovation was completed are not provided. This would be a key point to clarify with the seller or agent.
2. There's no garage. What are the parking options?
The property has no garage. Buyers should investigate the driveway capacity and on-street parking regulations to ensure it meets their needs.
3. The assessed value seems high relative to past sale prices. Why?
The assessed value is notably high for the street and area. This can be due to factors like the basement renovation, significant updates, or lot advantages. It's wise to understand the municipal assessment basis and how it might relate to current market value.
4. How does the lot size compare practically?
While the lot is above average for Gilia Drive, it's below average for the wider Garden City area. This means you likely have a good private yard compared to your immediate neighbors, but it may be smaller than lots on other streets in the community.
5. What is the typical character of homes and residents on Gilia Drive?
With homes primarily from the early 1960s and consistent lot sizes, the street likely has a stable, established feel. The ranking data suggests a mix of well-maintained and potentially updated homes, appealing to long-term residents and young families.