Property Overview: 15 Iris Street, Garden City, Winnipeg
Key Characteristics & Appeal
This is a well-positioned, one-storey home in Winnipeg's Garden City neighbourhood. Built in 1960, it offers 1,374 sqft of living space and sits on a generous 6,068 sqft lot. A key feature is its renovated basement, adding functional living area, and it includes a detached garage. The home’s standout characteristic is its assessed value of $400,000, which ranks it in the top 5% on its own street and the top 12% within Garden City, suggesting a property that is highly valued relative to its immediate peers.
Its appeal lies in offering above-average space and land for the area, combined with the modern convenience of a renovated lower level. The data indicates it’s a home that outperforms many local comparables in terms of value and lot size, offering a sense of solidity and investment within the community. It would suit practical buyers looking for a move-in-ready, single-level layout with ample outdoor space, as well as value-conscious purchasers who appreciate a home with strong assessed metrics relative to its neighbours. The detached garage is a plus for those needing workshop space or extra storage.
Frequently Asked Questions
1. How does the home’s value compare to recent sales?
The home last sold in October 2020 for an estimated range of $315,000-$345,000. Its current assessed value of $400,000 is significantly higher, reflecting market changes and possibly the renovated basement. It ranks above average for value in its area.
2. Is the living space larger than other homes nearby?
Yes. With 1,374 sqft, it is above the average for both Garden City and citywide benchmarks, placing it in the top quarter to third of homes for living area in those comparisons.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand the quality and scope of the updates.
4. How does the lot size compare?
The lot is 6,068 sqft, which is above average for the city and ranks well on its street. This provides more outdoor space than many comparable properties.
5. Why is the assessed value ranking so high on the street?
Ranking #1 of 19 on Iris Street for assessed value suggests this property is officially valued higher than its direct neighbours. This can be due to a combination of its larger living area, renovated condition, and lot size. It’s wise to research if recent renovations or additions are reflected in this assessment.