Property Overview: 24 Daffodil Street, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Garden City is a practical and straightforward property. Built in 1957, it features 1,190 sqft of living space, a renovated basement, and a detached garage on a notably spacious 6,595 sqft lot—larger than many lots in both the neighbourhood and city-wide. Its assessed value is positioned below average for its immediate street and area, which can signal a potentially accessible entry point into the market.
The appeal lies in its functionality and lot size. The renovated basement adds flexible living space, while the large yard offers significant outdoor potential for gardening, recreation, or future expansion. It suits first-time buyers or practical-minded homeowners looking for a solid, no-frills home in a established neighbourhood. A less obvious angle is its appeal to value-oriented buyers who see potential in a property with a below-average assessment on a street of similar homes, possibly allowing for equity growth through updates. It’s a home for someone who prioritizes space and practicality over modern finishes.
Section 2: Frequently Asked Questions
1. How does the home’s value compare to recent sales on the street?
The home last sold in June 2021 for an estimated $28.5k–$31.5k. Its current assessed value of $33.1k is below the street average ($35.1k), suggesting it may be valued conservatively relative to neighbours.
2. Is the lot size a significant feature?
Yes. At 6,595 sqft, the lot is above average for both Garden City and Winnipeg overall. This is a key asset, offering more private outdoor space than many comparable properties.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would require clarification to understand the finish quality, layout, and if it includes a separate entrance or legal suite potential.
4. How does the age of the home affect things?
Built in 1957, the home is older than many in Garden City. While it has a renovated basement, buyers should budget for expected maintenance and updates to older mechanical systems, windows, or the roof.
5. Why is the assessed value lower than neighbours?
A lower assessment can be due to several factors, including differences in upkeep, improvements, or interior condition. It doesn’t necessarily reflect market sale price, but it can indicate a property that hasn’t kept pace with upgrades on the street, representing both a potential project and a potential value opportunity.