Property Overview: 25 Richardson Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home, built in 1958, presents a straightforward opportunity in Winnipeg's Garden City neighbourhood. Its primary appeal lies in its very large, above-average lot—over 6,600 sqft—which stands out as a top-tier feature for the street and area. This offers significant outdoor space and potential for gardening, expansion, or future development, subject to zoning.
The house itself is modest, with a living area slightly below the neighbourhood average and an unrenovated basement. Its assessed value is notably below average for the area, which typically indicates a property in need of updates. There is no garage.
This property would best suit a value-conscious buyer looking for a large parcel of land in a established neighbourhood. It's a practical choice for someone comfortable with a home that may require modernization, or for an investor considering the long-term value of the land itself. The appeal is less about the current condition of the house and more about the underlying asset—the lot—and the opportunity it represents.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
A lower assessment often reflects the home's condition, age of major systems, and lack of recent renovations compared to updated properties in the area. It generally indicates a project home.
2. What can I do with such a large lot?
Beyond gardening and outdoor space, a large lot in a mature neighbourhood like Garden City may offer future potential for additions like a garage, workshop, or even a secondary suite (subject to strict city zoning and permitting).
3. What does "unrenovated basement" typically imply?
This usually means the basement retains its original, functional state—likely with concrete floors, basic walls, and older mechanical systems. It offers usable space but will require investment to modernize or finish.
4. How does the lack of a garage affect daily living and value?
It means relying on street parking and finding alternative storage solutions. While it affects convenience and some buyer appeal, the lower price and large lot may provide the option and space to add one later.
5. The sold price history shows a range. What does that mean?
Public records sometimes show approximate sale prices. The listed range gives a reliable ballpark figure, and the exact sale price can be requested directly from the site to understand the precise market value it last achieved.