Property Overview: 15 Verbena Street, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Garden City is a practical and straightforward property. Its key characteristic is a recently renovated basement, adding valuable finished living space to the home's 1,020 sqft main floor. The lot is a notable feature, as its size (just over 6,000 sqft) is above average for Winnipeg, offering good outdoor potential. The home includes a detached garage.
Its appeal lies in its solid fundamentals within a mature neighbourhood. The renovation work in the basement suggests it's been updated for modern living, while the larger-than-average lot provides a sense of space and room for gardening, play, or expansion. The assessed value is consistently around the average for the street, area, and city, indicating a stable, fairly priced property in its market.
This home would suit first-time buyers or downsizers looking for a manageable single-level layout with updated elements. It’s also a fit for value-conscious buyers who prioritize a generous lot size over having a larger interior footprint, seeing the land as a long-term asset. The property represents a grounded entry into homeownership without major fixer-upper projects, thanks to the basement renovation.
Section 2: Frequently Asked Questions
1. How does the living area size compare to nearby homes?
At 1,020 sqft, the main living area is below the average for both Verbena Street and the broader Garden City area. This indicates a more compact main floor plan, which is offset by the additional renovated basement space.
2. Is the assessed value a reliable indicator of the selling price?
The assessed value ($34.50k) is around the median for comparable homes locally. However, the last recorded sold price range (2023) was between $32.50k and $35.50k. Market conditions change, so this serves as a historical benchmark, not a guaranteed sale price.
3. What does the lot size ranking mean?
While the lot is around average for the immediate street and Garden City, it ranks in the top 30% citywide. This means you get more land than most properties in Winnipeg, which is a key advantage for this home.
4. The home was built in 1960. What should I consider?
The age is typical for the neighbourhood. While the basement has been renovated, a standard inspection is recommended to review the condition of core systems (roof, plumbing, electrical, foundation) common to homes of this era.
5. How can I find out the exact historical sale prices?
The provided sold price is a range based on public data. The listing service offers to provide the exact sale figures via a manual email request, which they aim to fulfill by the end of the same business day.