Property Overview
32 Colish Drive is a well-established one-storey home in Winnipeg's Garden City neighbourhood. Built in 1958, it sits on a generous 7,493 sqft lot, offering more outdoor space than most homes in the area and citywide. With 1,320 sqft of living space, its size is comfortably average for its immediate street and the broader city. The home features a detached garage and no basement. Its current assessed value is $300,000, which positions it below the average for both Garden City and Winnipeg overall, suggesting a potentially accessible entry point into the market.
Key Characteristics & Appeal
This property’s primary appeal lies in its balance of space and value. The lot size is a significant asset, providing ample room for gardening, recreation, or future expansion—a rarity that stands out in today’s market. As a classic one-storey bungalow, it offers straightforward, accessible living, which is ideal for downsizers, first-time buyers, or those seeking single-level convenience.
The home suits practical buyers looking for a solid foundation in a mature neighbourhood. It’s a property where value is derived more from its land and location than from high-end finishes, appealing to those comfortable with a home that may require updates or personalization. A thoughtful perspective is its position relative to neighbourhood averages: while the assessed value is below area norms, the land size is well above them. This disconnect can represent a strategic opportunity for a buyer whose priorities are land and long-term potential over immediate move-in condition.
Frequently Asked Questions
1. Why is the assessed value below the neighbourhood average?
Assessed value is for municipal tax purposes and is influenced by many factors, including the home’s age, condition, and recent sales of similar properties on the street. A below-average assessment here may reflect the home’s original build or the modest sale price from 2020.
2. What are the implications of having no basement?
It means all living space is on the main floor, which simplifies layout and can be a benefit for accessibility. However, it also reduces storage and utility space. Heating systems and the water heater will be located on the main floor, potentially within a closet or utility room.
3. How does the large lot size affect maintenance and costs?
A larger lot provides more private outdoor space but also requires more time and expense for lawn care, gardening, and snow clearing. It may also present future opportunities, like adding a garage or garden suite, subject to local zoning.
4. The home last sold in 2020. What does that recent history indicate?
A sale within the last five years suggests the current market price will be closely influenced by that previous sale price, adjusted for market changes and any improvements made since. It provides a clear, recent benchmark for value.
5. Is this a good option for someone looking to renovate or expand?
The combination of a single-storey layout and a large lot creates potential for additions or significant renovations. A buyer should budget for updates typical of a home from 1958, such as windows, roofing, or mechanical systems, and consult the city about zoning regulations for any expansion plans.