Property Overview: 43 Teakwood Avenue, Garden City, Winnipeg
Key Characteristics & Buyer Appeal
This is a compact, one-storey home built in 1912, presenting a distinct opportunity in Winnipeg's Garden City neighbourhood. Its key characteristic is its modest 696 sqft living area, which is notably smaller than most homes on its street and in the wider city. The property sits on a roughly average 5,248 sqft lot for the area. A positive feature is the renovated basement, adding functional space. There is no garage or pool.
The appeal lies in its position as an entry-point property or a downsizing option. With an assessed value significantly below the city average, it offers one of the most accessible price points in its immediate area. The generous lot size relative to the home's footprint presents a clear value-add potential for future expansion or landscaping, a perspective not immediately obvious given the home's age and size. This property would suit a pragmatic first-time buyer comfortable with a renovation project over time, an investor looking for a land-value play, or a minimalist seeking lower carrying costs and a manageable space. It is less suited for those requiring substantial immediate living space or modern, turn-key finishes.
Frequently Asked Questions
1. Is the sold price history accurate?
The listed sale price from 2019 is an estimated range based on public data. For the precise figure, you can request it via email from the listing service, which provides it manually without marketing spam.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's specific attributes: its very small living area, age (114 years), and lack of features like a garage. It's assessed relative to similar properties, not the overall city market which includes larger, newer homes.
3. What does the "ranking" data mean?
The rankings compare this home against peers on Teakwood Avenue, in Garden City, and citywide for metrics like size and value. For example, ranking 81 of 81 for living area on its street means it is the smallest among 81 comparable properties. This data quantifies how the home compares statistically.
4. Can the house be expanded?
Given the home's small footprint and the lot size being above average for the street, there is clear potential for an addition or significant renovation. Any expansion would, of course, require proper permits, planning, and investment.
5. What is the condition of the renovated basement?
The listing confirms the basement is renovated, but the scope, quality, and permits for that work are not detailed. This would be a critical area for a buyer to investigate during a viewing and through potential inspection.