Property Overview: 7 Doug Mckay Place, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Garden City is a practical and straightforward property, built in 1968. With 1,276 sqft of living space and a 5,587 sqft lot, its size is consistently around the average for its immediate street, neighborhood, and the wider city. It features a basement (not renovated) and a detached garage.
The primary appeal lies in its stability and representativeness. It’s not an outlier in terms of size, value, or lot, which can be reassuring for buyers seeking a typical, manageable home in the area without unexpected extremes. The lot size, while below the Garden City average, is still generous by broader city standards. A thoughtful perspective is that its "average" metrics across the board suggest it's a known quantity, potentially simplifying both the purchase decision and future resale, as it squarely fits neighborhood norms.
This home would suit first-time buyers, downsizers looking for single-level living, or value-focused investors seeking a rental property with a classic layout. It’s for those who prioritize function and location over move-in-ready finishes, as the unrenovated basement presents a blank canvas for future projects.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about the listing price?
The assessed value is for municipal tax purposes and is typically lower than market value. It indicates the home is in a lower price tier for its street but is average for Garden City overall. The eventual sale price will be determined by current market conditions.
2. How does the lot size compare practically?
At just over 5,500 sqft, the lot is smaller than many in Garden City but is still a good size for a family garden, play area, or outdoor entertaining. It may require less maintenance than larger plots in the area.
3. The home sold in 2017. What can that history indicate?
The previous sale price provides a historical benchmark, showing how the property's value has moved relative to the market over the past eight years. It's a useful data point for understanding long-term trends for this specific home.
4. What does "basement, not renovated" typically imply?
This usually means the basement is functional but in original or utilitarian condition. It offers potential for future living space, storage, or a recreational area, but any upgrades would be at the new owner's expense.
5. The home ranks low for assessed value on its street. Is this a concern?
Not necessarily. It often means other homes on the street have higher valuations, which can be positive for overall street desirability. It may also reflect this home's specific condition or features at the time of assessment, presenting a potential value opportunity for a buyer.