Property Overview: 43 Laurel Bay, Garden City, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, single-storey home built in 1968, offering a practical and comfortable footprint of approximately 1,260 square feet. Its key updated feature is a renovated basement, adding valuable finished living space. The property sits on a just-under-6,000 sqft lot, providing good outdoor room for a mature neighbourhood.
The primary appeal lies in its position as a solid, move-in-ready home in the established Garden City area. The renovated basement is a significant plus, effectively expanding the living area without the need for immediate projects. While the home doesn't have a garage or pool, its overall metrics—living space, lot size, age—consistently rank as average or better for the local area and city, suggesting it represents a stable, mid-market offering. It particularly suits first-time homebuyers, downsizers looking for a manageable single-level layout, or value-focused buyers who appreciate a key renovation already being completed and want to avoid major immediate work.
A less obvious perspective is the home’s assessed value, which is notably lower than many on its own street. This could indicate a potential value opportunity in a desirable location, but it’s wise to understand the specific reasons behind that assessment through further research.
Frequently Asked Questions
1. What does the ranking data (e.g., "Top 44%") actually mean?
It shows how this property compares to similar homes in three areas: its immediate street, the broader Garden City neighbourhood, and citywide. For example, "Top 44% for Living Area" means its square footage is greater than 44% of comparable homes in Garden City, placing it in a solid, middle range.
2. Why is the assessed value on Laurel Bay lower than the street average?
The data shows the home's assessed value ranks in the top 90% on its street (meaning it's lower than 90% of its neighbours). This can be due to many factors, including specific lot features, the style/size of the home relative to others, or the timing of renovations. It's a key point to discuss with your real estate agent.
3. Is the basement renovation permitted?
The listing notes the basement is renovated, but it does not specify if the work was permitted. This is a crucial question to ask the seller or their representative to ensure all work meets local building codes.
4. What are the options for vehicle parking and storage without a garage?
The property has no garage. Buyers should consider the driveway capacity, potential for on-street parking, and the feasibility of adding a shed or other storage solutions for tools and seasonal items.
5. How can I get the exact historical sold price?
The sold price history shown is an estimated range from public data. The listing service offers to provide the exact sale price by email request, handled manually with a same-day response, at no cost and without marketing spam.