Property Overview: 47 Teakwood Avenue, Garden City, Winnipeg
Key Characteristics & Appeal
This bi-level home at 47 Teakwood Avenue presents a compelling mix of modern convenience and established neighbourhood living. Its primary appeal lies in its relative newness, being built in 2007, which makes it a standout in Garden City where most homes are decades older. This suggests fewer immediate concerns with aging major systems and potentially more contemporary interior finishes. The home features a renovated basement and a detached garage, with a comfortable 1,275 sqft of living space that is above average for its immediate street.
The property’s assessed value ranks in the elite tier for both the street and the wider Garden City area, indicating it is viewed as a higher-value asset in its locale. A thoughtful perspective is that this creates an interesting dynamic: you own one of the newest and most highly assessed homes on the block, which can be advantageous for pride of ownership and future resale within the neighbourhood. However, the land size is notably smaller than area averages, which may appeal to buyers seeking lower exterior maintenance without sacrificing interior space.
This home would best suit buyers looking for a move-in ready property in a mature, north Winnipeg neighbourhood who prioritize a more modern build year over a large yard. It’s ideal for small families, professionals, or downsizers wanting the space of a house without the upkeep of an older property or a vast lot.
Frequently Asked Questions
1. What does the high assessed value relative to the neighbourhood actually mean?
It primarily reflects the municipal tax assessment, which heavily favours the home’s newer construction year and renovated condition compared to its older neighbours. It indicates a premium property for the area, but the actual market value is determined by recent sales.
2. How might the smaller lot size affect me?
It translates to less yard maintenance, which is a benefit for many. The trade-off is less private outdoor space and potentially less room for future expansions like a large deck or addition, which should be considered if those are long-term goals.
3. The home sold in mid-2023. Why is it back on the market so soon?
While we cannot speculate on the seller’s personal reasons, short-term ownership can result from many neutral factors like job relocation, change in family circumstances, or a strategic investment sale. A professional home inspection is always recommended to ensure condition.
4. Is the detached garage a pro or a con?
This depends on preference. A detached garage can offer more flexibility (e.g., for a workshop) and may reduce noise in the house. For others, the inconvenience of going outside to access it, especially in winter, is a drawback compared to an attached model.
5. How do I get the exact historical sold price?
The precise sale price from June 2023 is not publicly displayed in detail. You can request it directly via the "Get exact sold price history" feature on this page. The service is manual but prompt, and your email is not used for marketing spam.