Property Overview: 40 Macklin Avenue, Garden City, Winnipeg
Key Characteristics & Appeal
This one-storey home, built in 1958, presents a practical opportunity in Winnipeg's Garden City neighborhood. Its key appeal lies in a combination of space and location. The living area of 1,050 sq ft is modest for the immediate street but is complemented by a significant advantage: a large 6,048 sq ft lot that ranks well above average for the area, offering ample outdoor space and potential. The home features a renovated basement and a detached garage.
Its value is one of balance. The assessed value is consistently around the average for its street, neighborhood, and city, suggesting a fairly priced entry point. While the home itself is smaller and older than many in Garden City, it sits on a notably larger parcel of land for the street. This makes it particularly suited for first-time buyers, downsizers seeking single-level living, or practical investors looking for a property where the land itself is a strong asset. The appeal is less about a move-in-ready showcase and more about securing a solid footprint in a established neighborhood with room to grow or customize over time.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. The lot is significantly larger than most on Macklin Avenue (ranking in the top 8%), offering more private outdoor space than neighboring properties. This is a distinct feature that adds long-term value and flexibility.
2. How does the home's size compare to the area?
The living space is below the average for both Macklin Avenue and the broader Garden City area. Buyers should prioritize efficient use of space and consider the finished basement as valuable additional functional area.
3. What does the assessed value tell us?
The assessed value is consistently around the median at every comparison level—street, neighborhood, and city. This indicates the property is not an outlier and is likely priced in line with fundamental market valuations, not speculation.
4. Who might this property not suit?
It may not suit buyers seeking a large, modern interior or a brand-new home without projects. The floor plan and era of construction will reflect its 1958 origins, despite the basement renovation.
5. How stable has the property's value been?
Based on available data, the sold price from 2016 to the present assessment shows relative stability. The assessed value has remained in a moderate range, suggesting a property that holds its value in line with broader market trends rather than experiencing dramatic swings.