Property Overview
47 Cherryhill Road is a well-maintained, one-storey home built in 1958, located in Winnipeg's Garden City neighborhood. Its key appeal lies in its generous 7,207 sqft lot, which is notably larger than most in the immediate area and across the city. The home itself, at 1,074 sqft of living space, is modest in size compared to neighbors but benefits from a renovated basement. There is no garage or pool. The assessed value is positioned below average for its street and neighborhood, but aligns more closely with the city-wide average.
This property would suit a first-time homebuyer or a downsizer looking for a manageable, single-level layout with significant outdoor space for gardening, play, or future expansion. Its below-average assessment for the area could represent a relative value opportunity for a buyer comfortable with a home that is smaller than others on the block but sits on a premium-sized lot. It’s a practical choice for someone prioritizing land over square footage.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. The lot is over 7,200 sqft, ranking in the top 15% city-wide. This is a standout feature, offering more privacy and space for outdoor activities or additions than many newer properties.
2. How does the home’s size compare to nearby houses?
The living area is below average for both Cherryhill Road and the Garden City area. Buyers should expect a cozier interior footprint compared to immediate neighbors, but with the benefit of the renovated basement adding functional space.
3. What does the assessed value tell me?
The assessed value is below the average for its street and neighborhood. This doesn't dictate market price, but it can indicate a potentially lower property tax burden relative to nearby homes and may suggest room for value growth.
4. The home was built in 1958. What should I consider?
While the home is older, it ranks as one of the newer homes on its specific street. A thorough inspection is always advised to understand the condition of major systems (roof, plumbing, electrical) and the quality of the basement renovation.
5. Are there any obvious missing features?
The listing confirms there is no garage or pool. Parking and storage solutions, as well as any future outdoor amenities, would need to be factored into planning and budget.