42 Woodcrest Drive

Property Overview: 42 Woodcrest Drive, Garden City, Winnipeg

Key Characteristics & Appeal

This one-storey home on a 5,500 sqft lot in Garden City presents a straightforward, value-oriented opportunity. Built in 1963, its 1,227 sqft living area is consistently average for its immediate street, neighborhood, and city, meaning it offers standard family space without standing out in size. A key characteristic is its assessed value, which is notably below average for both Woodcrest Drive and Garden City, potentially indicating room for equity growth or a more accessible entry point. The home includes a basement (not renovated) and a detached garage.

Its primary appeal lies in its position as a solid, no-frills baseline property in a stable neighborhood. It suits practical buyers—first-time homeowners, investors, or downsizers—who prioritize lot size and location over turn-key condition. A thoughtful perspective is that a home with average metrics in a mature neighborhood like Garden City often represents lower volatility and predictable utility costs. The below-average assessment, while possibly reflecting its unrenovated state, could be a strategic advantage for buyers planning gradual updates, allowing them to add value on their own terms.

Frequently Asked Questions

1. What does the "below average" assessed value actually mean?
It means the city's tax assessment for this home is lower than most comparable properties on its street and in Garden City. This can result in slightly lower property taxes, but it often reflects the home's unrenovated condition or specific market factors at the time of assessment, not necessarily the final sale price.

2. Is the basement finished?
No. The listing specifies the basement exists but is "not renovated." Buyers should budget for any desired finishing and consider a thorough inspection for moisture or foundational issues common in homes of this era.

3. How does the lot size compare?
At 5,500 sqft, the lot is around average for the city but is actually below average for the Garden City neighborhood specifically, where lots tend to be larger. This is worth considering if extensive outdoor space is a priority.

4. The home last sold in July 2019. What was the exact price?
The public data shows a sold price range of $24.50k ~ $27.50k for that transaction. The exact, precise sale price is available by request from the listing source, as they manually provide this detail via email.

5. What are the implications of the "above average" ranking for the year built?
Being "above average" for year built means it is newer than many homes on its street and in Garden City. For a 1963 home, this subtly suggests the immediate area has an older housing stock, which can indicate well-established, tree-lined streets but also a higher likelihood of aging infrastructure like original plumbing or wiring in many surrounding houses.