Property Overview: 30 Grandcrest Street, Garden City, Winnipeg
Key Characteristics & Appeal
This one-storey home, built in 1962, presents a solid, no-fuss opportunity in Winnipeg's Garden City neighborhood. Its primary appeal lies in a combination of above-average land size and a recently renovated basement, offering practical value on a generous 6,824 sqft lot. The detached garage adds functional utility.
The home’s assessed value is notably strong, ranking in the top 5% for Garden City, which suggests it is viewed favorably relative to area properties. While the living space (1,320 sqft) is modest compared to some immediate neighbors, it is squarely average citywide. The lot size, however, is a consistent advantage, offering space and potential that is well above average for the street, neighborhood, and city.
This property would suit a practical buyer looking for a manageable single-level layout with a move-in-ready basement space. It’s ideal for someone who values outdoor space and a stable investment profile over a large interior footprint. First-time homeowners, downsizers, or investors attracted to a property with a high assessed-value ranking for the area may find it particularly compelling.
Frequently Asked Questions
1. How does the home's size compare to others nearby?
The living area is somewhat smaller than the average on Grandcrest Street itself but is typical for Winnipeg overall. The trade-off is a larger-than-average yard, providing valuable outdoor space.
2. The assessed value seems high for a home from the 1960s. Why is that?
The assessment ranks in the elite top 5% for Garden City. This typically reflects factors like the renovated basement, lot size, and overall condition relative to area comparables, not just age or square footage.
3. Is the lot size a significant feature?
Yes. The land area is consistently above average at every comparison level—street, neighborhood, and city-wide. This is a less obvious but key asset, offering privacy, room for gardens or recreation, and future potential.
4. What can the past sale price tell me?
The home sold in mid-2021 for between $39.5k and $42.5k. Given its current assessed value of $43.9k, this indicates stable or appreciating value in recent years, but a current market evaluation is essential.
5. Who would this home not suit as well?
Buyers prioritizing a modern, open-concept layout or extensive main-floor living space may find the 1962 floor plan and modest main-level square footage limiting. It appeals more to those who value function, lot size, and a renovated lower level over a large or recently built main floor.