Property Overview: 31 Iris Street, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Garden City offers solid, above-average space for the neighbourhood. With 1,496 sqft of living area and a renovated basement, it provides practical, single-level living. The detached garage and a generous 6,000+ sqft lot offer flexibility for parking, storage, or outdoor projects. Built in 1960, the home is typical for the area but stands out due to its larger-than-average footprint and a modernized lower level.
Its primary appeal lies in its strong positional value within Garden City. The data shows it ranks well above average for both living space and assessed value specifically within this community, suggesting a good fit for the area. It’s a home that offers room to grow without the maintenance of multiple storeys, positioned on a quiet, established street.
This property would best suit practical buyers looking for a move-in-ready bungalow with a finished basement, ideal for small families, downsizers, or first-time buyers seeking a long-term home in a stable North Winnipeg neighbourhood. The renovated basement adds immediate functional space, while the large lot presents a future opportunity not always available in newer subdivisions.
Section 2: Frequently Asked Questions
1. How does this home compare to others on the street and in Garden City?
The home ranks in the top 21% for living area on its street and the top 17% within Garden City, meaning it is notably more spacious than many comparable properties in the immediate area.
2. What is the significance of the assessed value?
The assessed value of $37,300 is above average for both the street and Garden City. It’s important to note this is a municipal assessment for tax purposes, not a market valuation, but its higher ranking suggests the property is considered a substantial asset within its local context.
3. Is the lot size a major feature?
While the lot is around average for Garden City, it ranks in the top 29% citywide. This means you get more outdoor space than in many other Winnipeg neighbourhoods, which is a valuable and less replaceable asset.
4. The home was sold in 2017. What can that price history tell me?
The last known sale was between $275,000 and $305,000 in May 2017. This provides a historical benchmark, but market conditions have likely shifted. For the exact sale price, you can request it via the provided email service.
5. What are the potential considerations with a 1960s bungalow?
While the basement has been renovated, a home of this age may have original major systems (like plumbing, electrical, or the roof) that require inspection to understand their condition and remaining lifespan, which is a typical consideration for vintage properties.