Property Overview
70 Laurel Bay is a well-maintained, one-storey home in Winnipeg's Garden City neighbourhood. Built in 1969, it sits on a 6,264 sqft lot and features 1,136 sqft of living space with a renovated basement and a detached garage. The home presents a practical, grounded opportunity in a mature area.
Key Characteristics & Buyer Appeal
This home’s primary appeal lies in its balance of updates and established neighbourhood character. The renovated basement adds immediate functional living space, a valuable asset in a one-storey layout. While the living area is modest compared to some neighbours, the lot size is generous city-wide, offering good outdoor potential.
Its assessed value ranks highly for both the street and Garden City, suggesting it is viewed as a solid, above-average property within its immediate context. This points to a home that has been cared for and is situated in a desirable pocket of the area. The age of the home (1969) is notably newer than many in Garden City, which may mean fewer concerns about very old infrastructure.
This property would suit first-time buyers, downsizers, or practical investors looking for a move-in-ready home with a low-maintenance, single-level layout. It’s for someone who values a large yard and functional updates over sheer square footage, and who appreciates the stability of a home that stands out positively in its local market metrics.
Frequently Asked Questions
1. Is the living space too small?
At 1,136 sqft, it is below the average for Laurel Bay but near the citywide average. The renovated basement effectively expands the usable space, making the home feel more spacious than the main floor square footage alone suggests.
2. What does the high assessed value ranking mean?
Ranking in the top 18-27% for assessed value in its immediate area indicates the property is considered more valuable than most comparable homes nearby. This often reflects desirable condition, location, and improvements, like the renovated basement.
3. Is a 1969-built home a concern?
While not new, this home is newer than many in Garden City (ranking in the top 5% for year built in the area). Buyers should still expect age-appropriate maintenance, but major systems may have more recent updates given the home’s above-average valuation.
4. How does the lot size compare?
The lot is just above the citywide average, offering good outdoor space for gardening, play, or expansion. On Laurel Bay itself, it is about average, so it fits the neighbourhood norm without standing out as unusually large or small.
5. Where can I find exact historical sale prices?
The provider notes that exact sold prices are verified manually from their data sources. You can request the precise history by emailing them directly through the link provided on the listing page.