Property Overview: 5 Salvia Bay, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-maintained, one-storey home built in 1958, offering a practical and comfortable living space in Winnipeg's Garden City neighborhood. Its key features include a renovated basement and a detached garage. With 1,042 sqft of living area, the home is cozier than many on its own street but sits close to the city-wide average, offering a manageable layout. The lot size of just over 6,000 sqft is notably larger than many city properties, providing valuable outdoor space.
The primary appeal lies in its established neighborhood setting and its position as a solid, no-frills property. It represents an opportunity for value in a mature area, with recent sales history and a below-average assessed value for the street suggesting a potentially accessible entry point. The renovated basement adds functional living space. This home would suit first-time buyers, downsizers looking for single-level living, or practical investors seeking a character home with good lot size. It’s for those who prioritize location and land over a large interior footprint.
A less obvious perspective is that, while older than many homes in Garden City, its 1958 build date makes it one of the newer homes on Salvia Bay itself—a point of relative modernity on its block. The significant discrepancy between its assessed value and the much higher city-wide "comparable" average (33.5k vs. 390k) strongly indicates a data error in the city-wide comparison, so focus should be on the more relevant street and neighborhood metrics.
Section 2: Frequently Asked Questions
1. How does the living space compare to other homes?
At 1,042 sqft, the living area is below the average for both Salvia Bay and the Garden City area, but is very close to the overall Winnipeg average. It's a compact, efficient layout.
2. What is the significance of the assessed value?
The home's assessed value of $33,500 is below the average for its immediate street and the Garden City neighborhood. This can sometimes indicate a more affordable entry point, but it's essential to compare this to recent sale prices and current market conditions.
3. Is the lot size a pro or con?
The 6,048 sqft lot is a definite pro. It is larger than the average city lot and provides ample private outdoor space, which is a valuable asset not always found in homes of this era and price range.
4. What can the sale history tell me?
The home sold in August 2017 for an estimated range of $235,000-$265,000. This provides a historical benchmark, but the current market value will be determined by present-day factors, upgrades made since then, and current demand.
5. Who are the closest neighbors?
The property is situated on a quiet bay, with very close neighbors at 3 and 7 Salvia Bay (within 20 meters). The listing shows several nearby properties on the same bay and adjacent crescent, indicating a tight-knit, established streetscape.