Property Overview
7 Gilia Drive is a one-storey home in Winnipeg's Garden City neighbourhood. Built in 1961, it features 1,245 sqft of living space, a renovated basement, and a detached garage on a 4,999 sqft lot. The home's assessed value is notably strong for its immediate area.
Key Characteristics & Appeal
This home presents a practical, move-in-ready opportunity. Its key appeal lies in a balance of modest size and above-average valuation for the street, suggesting it has been maintained or updated in ways that outpace some direct neighbours. The renovated basement adds functional living space, a valuable asset in a one-storey layout. The detached garage offers flexibility for parking, storage, or a workshop.
It would suit first-time buyers or downsizers looking for a manageable single-level layout in an established neighbourhood. The data indicates the property holds its value well on Gilia Drive and within Garden City, making it a sensible choice for a value-conscious buyer who appreciates stability over a flashy premium. A less obvious perspective is the lot size: while smaller than many in Garden City, it requires less maintenance, which could be a welcome feature for those seeking a lower-maintenance yard without leaving the community.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in February 2020 for an estimated $255k-$285k. Its current assessed value of $374,000 is significantly higher, reflecting market changes and possible improvements since that last sale. It's important to get an exact sale price and current market evaluation.
2. What does "above average" assessed value on the street mean?
This means the municipal assessment for 7 Gilia Drive is in the top 12% of 98 comparable homes on Gilia Drive. It suggests the property is officially valued higher than most of its immediate neighbours, which can be a sign of favourable condition or updates.
3. Is the smaller lot size a concern?
The lot is below the area average for Garden City. This means less yard space but also less upkeep. It's a trade-off that may appeal to those who prefer a more manageable outdoor area or prioritize interior space and neighbourhood location over a large garden.
4. What is the significance of the renovated basement?
In a one-storey home, a renovated basement effectively doubles the usable living area. It provides crucial extra space for family rooms, home offices, or guest areas that aren't always available in the main floor footprint of a mid-century home.
5. Where can I find the exact historical sale price?
The provider states that exact sold prices are available upon request via email. They note this is a manual process with a same-day reply aim and that your email will not be used for unsolicited marketing.