Property Overview
This one-storey home at 734 Leila Avenue in Winnipeg's Garden City neighborhood presents a practical and straightforward living opportunity. Its key appeal lies in its balance of a renovated basement and a larger-than-average lot for its immediate area, all within a value-oriented price range.
Key Characteristics & Ideal Buyer
The 988 sqft house, built in 1967, sits on a 5,975 sqft lot, which is notably larger than many others on Leila Avenue. The home has undergone a basement renovation, adding functional living space. While the living area is modest compared to the broader city, its assessed value is positioned around the average for both its street and Winnipeg overall, suggesting a fair market entry point.
This property would suit first-time homebuyers or practical downsizers looking for a manageable single-level layout in a established neighborhood. Its value proposition is strongest for those who prioritize land size over interior square footage—offering room for gardening, pets, or future expansion—and who appreciate the immediate benefit of a finished basement without a major project. It's a home for grounded, cost-conscious buyers who see potential in the land and the renovated spaces, rather than those seeking a move-in-ready showcase or the largest house on the block.
Frequently Asked Questions
1. How does the property's size compare to nearby homes?
The living space is slightly below average for the Garden City area but typical for Leila Avenue itself. The lot size, however, is a standout feature on this street, ranking in the top 23%.
2. What is the significance of the assessed value figures?
The assessed value is around the average for Winnipeg, but is below the average for the Garden City neighborhood specifically. This can sometimes indicate a more affordable entry point into the area.
3. Is the basement renovation reflected in the assessment or living area?
Typically, finished basements are not included in official living area (sqft) calculations, but they can positively influence the overall assessed value and marketability of the home.
4. What can recent sold prices on the street tell me?
Nearby sales, like the home at 730 Leila Avenue, provide concrete benchmarks for what buyers have recently paid for very similar properties in the exact same location, which is often more relevant than city-wide averages.
5. How old is the home, and what might that mean?
Built in 1967, the home is of an age where core systems (like roof, plumbing, or wiring) may be at or beyond their typical lifespan. A thorough inspection is advised to understand the condition and any upcoming maintenance needs, balanced against the character and established lot that come with an older home.