Property Overview: 26 Lincrest Road, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Garden City offers a practical and spacious layout on a generous lot. Its key features include 1,350 sqft of living space, a renovated basement, and an attached garage. Built in 1962, the home presents a solid opportunity for buyers seeking a move-in-ready property with room to personalize.
The appeal lies in its strong positional value within its immediate neighborhood. The home ranks consistently above average for Lincrest Road and the wider Garden City area in terms of lot size (over 7,000 sqft), living area, and assessed value. This suggests a property that stands out locally for its footprint and perceived value. The renovated basement adds functional living space, a significant asset for a single-storey design.
This property would suit a few buyer types perfectly. First-time buyers or downsizers looking for a manageable single-level layout without sacrificing yard space will find it compelling. It’s also a sensible choice for value-conscious buyers who prioritize a home that benchmarks well against its direct peers, indicating a sound investment within the community. The larger lot could appeal to those with pets, children, or future outdoor projects in mind.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $40.30k is a municipal figure for tax purposes and does not represent market value. Market value is determined by recent sales of comparable homes, buyer demand, and the property's condition. The last known sale was in March 2019.
2. What does "above average" ranking for the street and area actually mean?
The rankings compare this home to similar properties. For example, its lot size is in the top 13% on Lincrest Road, meaning 87% of comparable homes on the street have smaller lots. This contextual data helps gauge how the property stacks up against its direct competition.
3. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify with the seller or local authorities if a separate rental suite is a requirement, as renovations do not automatically imply legal suite status.
4. What are the implications of the home being built in 1962?
While the structure is sound and from a period known for durable construction, buyers should pay special attention to the age of major systems during an inspection. This includes the roof, plumbing, electrical, and the heating system, which may be at or beyond their typical lifespans.
5. How can I get the exact historical sale prices?
The exact sold price history is not publicly displayed in detail. As noted on the listing, you can request this information directly via email from the source, SaveOnHouse, which provides the data manually.