Property Overview
This one-storey home at 19 Laurel Bay in Winnipeg's Garden City neighborhood presents a practical opportunity. Its key appeal lies in being a modestly-sized, renovated bungalow on a standard residential lot. With 1,136 sqft of living space and a renovated basement, it offers a straightforward layout that is easy to maintain. The data suggests it is a very average property for the broader area, but it stands out on its specific street for having a notably lower assessed value than its neighbors. This combination points to a home that is functionally updated but not oversized or over-improved relative to its immediate surroundings.
It would suit first-time buyers seeking an entry point into a stable neighborhood, downsizers looking for a manageable single-level living space with a finished basement for guests or hobbies, or value-focused investors. A thoughtful perspective is that its "below average" assessment on Laurel Bay could represent a relative value opportunity on that street, or it may reflect the home's more compact size and simpler finishings compared to neighbors—factors that keep ownership costs predictable.
Frequently Asked Questions
1. Is the home in good condition?
While the listing confirms a renovated basement, the condition of the main floor systems (roof, windows, furnace) should be verified through a professional inspection, as the home was built in 1968.
2. How does the assessed value affect property taxes?
The assessed value is significantly lower than both the street and city averages provided. This typically results in proportionally lower property taxes, which is a key financial advantage of this property.
3. What is the parking situation?
The listing specifies there is no garage. Buyers should inquire about driveway space or on-street parking permits to understand their options.
4. Is the yard size usable?
The land area of 5,776 sqft is below average for Garden City but is still a good-sized city lot. It provides ample outdoor space for gardening, recreation, or future additions like a shed or deck.
5. Why is the living area smaller than the neighborhood average?
At 1,136 sqft, the home is more compact than many in Garden City. This is a defining characteristic: it offers efficiency and lower utility costs, but may feel cozy for larger families. The renovated basement effectively adds usable space to offset this.