Property Overview: 55 Buttercup Avenue, Garden City, Winnipeg
Key Characteristics & Appeal
This one-storey home in Garden City is a practical and well-positioned property. Built in 1960, it features 1,182 sqft of living space, which is very typical for the immediate area and neighbourhood. A key highlight is its fully renovated basement, adding valuable finished space. The property includes a detached garage and sits on a 5,473 sqft lot.
Its primary appeal lies in its strong value proposition within its local context. While the house itself is average in size for Garden City, its assessed value of $38,300 ranks notably above average for both Buttercup Avenue and the wider neighbourhood. This suggests the renovations and condition may be recognized as superior to many nearby homes. The lot, while smaller than others on the street, is close to the city-wide average, offering decent outdoor space without excessive maintenance.
This home would suit first-time buyers or downsizers looking for a manageable, single-level layout in an established neighbourhood. It’s also a sensible fit for value-conscious buyers who appreciate a home with recent updates (like the basement) that already reflect in its official assessment, potentially indicating less immediate upgrade work is needed.
Frequently Asked Questions
1. What does the "above average" assessed value ranking mean?
It means this home’s city assessment is higher than most of its direct neighbours and similar homes in Garden City. This often reflects factors like renovations, superior condition, or favourable attributes that the assessor has recognized, but it does not directly predict future sale price.
2. Is the smaller lot size a significant drawback?
While the lot is below average for the street, it is near the city-wide average. This could mean less yard maintenance, which some buyers prefer. It’s a trade-off between street-specific space and a still-usable outdoor area.
3. The home sold in late 2021. What can that price tell me?
The sold price range from 2021 provides a historical benchmark, but it is not a current market valuation. It’s most useful for understanding past price growth in the area, though market conditions have likely shifted since then.
4. Are there any obvious concerns from this data?
The data shows no major red flags like extremely low rankings. The home is consistently "around average" to "above average" in key metrics for its area, aside from the lot size. The age of the home (66 years) is typical for the neighbourhood, so a thorough inspection of fundamental systems (roof, plumbing, foundation) is always advised.
5. How does this home fit within Garden City?
It appears to be a solid, middle-of-the-road property for the neighbourhood in terms of size and age, but one that stands out for its perceived value and condition, as indicated by its assessment. It represents a balanced option—not the largest, but potentially one of the more updated homes on the block.