Property Overview: 55 Woodcrest Drive, Garden City, Winnipeg
Key Characteristics & Appeal
This one-storey home in Garden City is a practical and well-positioned property. Its key features include a renovated basement, an attached garage, and a manageable 1,195 sqft of living space that is very typical for the immediate neighbourhood. The lot size of 5,501 sqft is notably above average for Woodcrest Drive itself, offering more outdoor space than many direct neighbours, though it is slightly smaller than the broader Garden City average.
The appeal lies in its solid, above-average positioning within its local context. The home’s assessed value ranks highly on its street and in Garden City, suggesting it is considered a better-than-average property in its peer group. Being built in 1963, it is also among the newer homes on the block. The renovated basement adds modern, functional living space. This combination points to a home that has been maintained and valued within its community.
It would suit first-time buyers or downsizers looking for a single-level layout in a stable neighbourhood. It’s also a sensible fit for value-conscious buyers who appreciate a home that stands out positively on its own street in terms of value, lot size, and condition, without being an outlier in size or style.
Frequently Asked Questions
1. How does this home compare to others on the street?
The data shows it holds its own very well. It ranks above the street average for assessed value, year built, and land area, indicating it’s a comparatively newer, more valuable property on a larger lot than many of its direct neighbours.
2. Is the basement renovation reflected in the assessed value?
Likely, yes. The home’s assessed value is in the top 25% for Garden City, which is significantly higher than its ranking for living area alone. This suggests factors like the renovated basement and overall condition have positively influenced its official valuation.
3. What does the sold price history indicate?
It last sold in October 2020 for an estimated $30.5k to $33.5k. This is below the current assessed value of $37.2k, which is common as assessments don't always equal market price. The history shows it has changed hands relatively recently.
4. Is the lot size a pro or a con?
It depends on your priority. The lot is larger than most on Woodcrest Drive, which is a plus for privacy and outdoor space. However, it is slightly smaller than the average lot across all of Garden City, so it’s not exceptionally large for the wider area.
5. Who might this home not suit?
Buyers seeking a very modern build or a sprawling floor plan may find it less ideal. As a 1963 one-storey, its layout is characteristic of its era. While the basement is renovated, the main living area is modest and closely aligned with the neighbourhood average.