Property Overview
This 4-level split home at 24 Iris Street in Winnipeg's Garden City neighborhood presents a practical and spacious option in a well-established area. Built in 1965, it features 1,590 sqft of living space, an attached garage, and a renovated basement. The property sits on a 6,046 sqft lot.
Key Characteristics & Appeal
The primary appeal of this home lies in its above-average space and established neighborhood setting. With a living area ranking in the top 16% on its street and top 14% in Garden City, it offers more interior room than many comparable homes. The renovated basement adds functional, modernized space. Its assessed value is notably strong for the immediate area, ranking in the top 11% on Iris Street, suggesting it is a well-regarded property in its micro-location. The year built is also a relative advantage here, as it is the newest among the 19 comparable homes on the street.
This property would suit buyers looking for a move-in-ready home with ample room for a family, who value the mature community of Garden City. It’s particularly suited for those who appreciate a home that stands out positively within its immediate block in terms of size, value, and modernity, rather than just city-wide comparisons. The 4-level split design offers good separation of living spaces, which can be ideal for families seeking defined zones for living, sleeping, and recreation.
Frequently Asked Questions
1. How does the property’s value compare to the wider city?
While its assessed value ranks very high on its own street and in Garden City, it sits around the city-wide average (top 42%). This indicates you are paying for a premium property within a more affordable neighborhood, rather than buying into a premium postal code.
2. Is the lot size a constraint?
The lot is slightly smaller than the average for both the street and Garden City, but is still above average city-wide. It provides a decent outdoor space typical for the area, but may not be the primary feature for buyers seeking extensive grounds.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Viewing the property or requesting details from the listing agent is necessary to understand the finishes, layout, and whether it includes a legal suite or additional bedrooms.
4. Are there any concerns with a 1965 build?
While it is newer than many homes on the street, a home of this age will likely have had some systems updated. A thorough inspection is recommended to assess the condition of the roof, wiring, plumbing, and foundation, which are typical consideration points for houses from this era.
5. How stable is the value in this specific location?
The sold price history shows a sale in mid-2021. The fact that its assessed value now ranks so highly on the street suggests it may have been well-updated since that purchase, potentially supporting value retention. However, checking recent sales of similar homes on Iris Street and in Garden City would provide the clearest picture of current market trends.