Property Overview: 2 Morrison Street, Garden City, Winnipeg
Key Features & Ideal Buyer
This one-storey home in Garden City presents a practical and value-oriented opportunity. Its key characteristic is a well-balanced profile that performs strongly within its immediate neighbourhood. The 1,321 sqft living space is squarely average for the area, but the property stands out with its above-average 6,377 sqft lot—one of the largest on Morrison Street—offering significant outdoor space and potential. The home benefits from a renovated basement and an attached garage. Built in 1965, it is newer than many area comparables.
The appeal lies in its established neighbourhood setting combined with tangible room to grow, either in the yard or through the already-updated basement. Its assessed value ranks consistently above average for both the street and Garden City, suggesting a solid foundation of value. This property would suit a first-time buyer or a downsizer looking for a manageable single-level layout without sacrificing yard space, or an investor seeking a stable rental in a mature community. A thoughtful perspective is that while the home itself is functionally average in size, the premium lot size provides a lasting asset that is increasingly rare, offering a hedge against future densification.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows it holds its own well. While the living area is typical, it ranks above average for lot size, assessed value, and even its year of build compared to direct neighbours and across Garden City, indicating a property that is a strong contender within its local market.
2. What does the sold price range from July 2024 indicate?
The reported sale in the $40.5k to $43.5k range, above the current $37.7k assessed value, suggests a market where competitive bidding may occur, reflecting buyer demand for well-positioned homes in the area.
3. Is the renovated basement a full suite?
The listing confirms the basement is renovated but does not specify if it is a legal suite. Buyers should verify with the municipality regarding permits and compliance to understand its full utility and rental potential.
4. What are the implications of such a large lot?
The lot is a significant feature. It offers ample space for gardening, recreation, or future additions like a shed or deck. It also potentially provides better privacy and distance from neighbours than newer, denser subdivisions.
5. How can I get the exact historical sold price?
The exact sale price is not publicly displayed. As noted, you can provide your email to the listing service to request it manually. They state they do not use emails for unsolicited marketing and aim to provide the figure by the end of the same day.