Property Overview: 632 Hartford Avenue, Garden City, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Garden City presents a practical and spacious opportunity. Its key strength lies in its generous proportions relative to its immediate area. With 1,218 sqft of living space and a notably large 6,046 sqft lot, the property ranks in the top 25% and top 8%, respectively, for size on Hartford Avenue. This suggests a home with ample room and a yard with significant potential. The renovated basement adds functional living space, and the detached garage offers flexibility. Built in 1963, it is newer than many neighbouring homes, which can be an advantage for foundational components.
The appeal here is grounded in value and space. It suits buyers looking for a solid, single-level layout in a mature neighbourhood, where the land itself is a major asset. It would particularly fit first-time buyers or downsizers who prioritize indoor and outdoor space over a brand-new build, and value-conscious investors or homeowners who see potential in the sizable lot for future enjoyment or expansion.
Frequently Asked Questions
1. What does the assessed value tell me about the property?
At $36,500, the assessment is above average for the street but around the middle range for the wider city. This often indicates a property that is well-maintained and perceived as desirable within its immediate context, but not an outlier in the broader market.
2. How does the sold history inform the current value?
The home last sold in July 2017 for an estimated $27.5k - $30.5k. The current assessed value being higher suggests municipal valuation has increased, but the true market value will be determined by current conditions, recent comparable sales, and the home's updated state.
3. What are the pros and cons of a home from this era?
Pros include potentially sturdier construction and simpler, more expandable layouts on larger lots. Cons can include older mechanical systems (like plumbing or wiring) that may need updating, even if the basement itself has been renovated.
4. Who might this property not suit?
It may not suit those seeking a modern, open-concept layout without renovation work, or buyers who prefer a brand-new neighbourhood with smaller, low-maintenance yards. The need for exterior maintenance on a detached garage and a larger lot should also be considered.
5. How meaningful are the provided rankings?
The rankings are most useful for hyper-local comparison. For instance, ranking in the top 8% for lot size on the street is a significant differentiator, showing this parcel is larger than most around it. The city-wide rankings help gauge how it fits into the broader Winnipeg market.