Property Overview: 48 Arrowwood Drive N, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, one-storey home built in 1959, presenting a straightforward and manageable living space of 1,063 sqft. Its key appeal lies in its balance of a modest, renovated interior and a notably generous lot. At over 6,000 sqft, the land area is well above average for both the immediate street and the city, offering significant outdoor space rarely found in newer developments. The home features a renovated basement and a detached garage.
The property suits practical, value-oriented buyers. It’s ideal for first-time homeowners seeking a lower-maintenance, single-level layout with room to grow outdoors, or for downsizers who want a comfortable footprint without sacrificing yard space. Its assessed value positions it as an accessible entry into the Garden City neighborhood. A thoughtful perspective is that this home represents a "land play" in an established area—the lot itself is a substantial asset, offering potential for future expansion, gardening, or simply private outdoor living, which compensates for the home’s smaller-than-average interior size compared to local peers.
Section 2: Frequently Asked Questions
1. How does the living space compare to other homes in the area?
At 1,063 sqft, the living area is below the average for both Arrowwood Drive N and the broader Garden City area, indicating a more compact, efficient layout. This is a key consideration for space needs but contributes to a potentially lower price point.
2. What is the significance of the lot size?
The 6,048 sqft lot is a standout feature, ranking in the top 30% on the street and city-wide. This means you're getting more outdoor space than most comparable properties, which is valuable for privacy, recreation, or future projects.
3. The assessed value seems low. What does this indicate?
The assessed value is a municipal valuation for tax purposes, not market value. Its "below average" ranking on the street suggests the property is viewed as a more modest offering in its immediate context, which can influence property taxes.
4. What can the recent sold price range tell me?
The reported sold price range from July 2024 provides a concrete, recent market benchmark. To understand the exact final sale price and its relation to the asking price, you can request the precise figure via email, which helps in gauging current market dynamics for similar homes.
5. Who would this property not suit?
It may not be the best fit for those requiring substantial indoor living space or a modern, open-concept layout without further renovation. Buyers prioritizing a large interior or a brand-new home over a large yard might find the balance here tilted toward the land.