Property Overview: 6 Coralberry Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey bungalow, built in 1959, presents a practical and grounded opportunity in Winnipeg's Garden City neighborhood. Its key appeal lies in a balance of space and value. The 1,076 sqft living area is modest but functional for the area, while the true standout is the 6,048 sqft lot, which is notably larger than many on its street and across the city. This offers valuable outdoor space and potential. The home features an attached garage and a renovated basement, adding functional living space and modern convenience.
The property suits first-time homebuyers or downsizers seeking a manageable single-level layout without sacrificing yard size. It also appeals to value-oriented buyers who see potential in the generous lot—whether for gardening, future expansion, or simply enjoying more private outdoor space than is typical. The assessed value is positioned below average for the immediate street, which could indicate a relative value opportunity in a stable, established area. It’s a home for those who prioritize land and practicality over sheer square footage or modern luxury.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to the neighborhood?
The living space is slightly below the average for both Coralberry Avenue and the broader Garden City area, making it a cozier, more efficient layout. However, the lot size is significantly above average for the street, offering more outdoor space than most direct neighbors.
2. What does the “below average” assessed value for the street indicate?
While the assessed value is below the street’s average, it is around average for Garden City as a whole. This suggests the property might be valued conservatively relative to its immediate peers, possibly due to the smaller interior, but is in line with the wider market. It’s an important point for valuation discussions.
3. Is the renovated basement a full suite?
The listing confirms a renovated basement but does not specify if it is a legal suite. Buyers should verify the renovation permits and the basement’s compliance with local regulations to understand its exact use and value.
4. What is the typical property history for a home of this age?
Built in 1959, the home is of a very common vintage for the area. Prospective buyers should prioritize a thorough inspection to understand the condition of major aging components like the roof, plumbing, and foundation, which is standard for any home of this era.
5. How stable is the value in this location?
The provided sales history shows a sale in 2021 within a range typical for the area. The home’s metrics—like its lot size ranking highly—suggest it has enduring, fundamental attributes that support value. Its appeal is based more on land and location than on fleeting trends.