Property Overview
32 Cherryhill Road is a well-situated, one-storey home in Winnipeg's Garden City neighbourhood. Built in 1956, it offers a practical layout with 1,176 sqft of living space and a renovated basement. The property stands out for its generous 7,144 sqft lot, which is larger than most in the immediate area and across the city. While its assessed value is modest compared to nearby homes, this presents a value-oriented entry point into a stable community. The home has no garage or pool, focusing its appeal on the essentials of space and location.
Key Characteristics & Appeal
This home’s primary appeal lies in its balance of adequate living space and a notably large yard for the area, offering room for gardening, play, or expansion. The renovated basement adds functional living area. Its assessed value is below average for Garden City, suggesting it may be priced accessibly for buyers seeking a foothold in a established neighbourhood without the premium of a fully modernized home. It would suit first-time buyers, downsizers looking for a manageable single-level layout, or value-focused investors. A thoughtful perspective is that the larger lot not only provides private outdoor space but also represents a long-term asset in a city where land is finite, offering potential that a smaller parcel does not.
Frequently Asked Questions
1. Is the lot size a significant advantage?
Yes. The land area of over 7,000 sqft is well above average for Garden City and Winnipeg overall. This provides more privacy, outdoor space, and future flexibility than many similarly priced properties.
2. Why is the assessed value below the neighbourhood average?
The assessed value is a municipal valuation for tax purposes, not market price. Its "below average" ranking here likely reflects the home's older age and modest specifications compared to updated homes on the same street, not necessarily its condition.
3. What does "renovated basement" typically mean for a 1956 home?
It usually indicates functional updates like finished walls, flooring, and lighting to create livable space. Buyers should verify the scope, permits, and moisture control, as basements in homes of this era can be prone to dampness.
4. How does the lack of a garage affect daily life and value?
It simplifies maintenance and reduces building costs but requires planning for vehicle parking and storage. For some buyers, the large lot offers the option to add a garage or shed later, which could be a worthwhile investment.
5. The home last sold in late 2021. What does that recent sale history indicate?
A sale within the last few years suggests the market has recently established a value for the property. It can provide a useful benchmark, but current market conditions and any changes made by the sellers since then will determine today's price.