Property Overview: 74 Teakwood Avenue, Garden City, Winnipeg
Key Characteristics & Appeal
This is a classic one-storey home built in 1957, presenting a straightforward and manageable opportunity in Winnipeg's Garden City neighbourhood. Its key characteristics are notably average for its immediate street, which can be a sign of stability and predictability in a local market. The home features 1,033 sqft of living space, a renovated basement, a detached garage, and sits on a 4,734 sqft lot.
The appeal lies in its role as a comfortable entry point. It's not the largest or newest home on the block, but it holds its own among direct neighbours in terms of size, value, and lot dimensions. The renovated basement adds functional living space, a significant plus for a home of this era. It would suit first-time buyers seeking a solid starter home without extreme outliers in price or size, or downsizers looking for a single-level layout with modest yard maintenance. A thoughtful perspective is that a home which is "average" on its own street often faces less volatility and more predictable comparisons when it comes time to sell, offering a kind of insulation from more dramatic market swings.
Frequently Asked Questions
1. How does this home compare to others in Garden City?
While it is quite typical for Teakwood Avenue, this property is below the neighbourhood averages for living space, lot size, and year built. This suggests it may offer a more accessible price point within the broader Garden City area.
2. What does the assessed value indicate?
The assessed value of $31,700 is around average for the city and its immediate street. It is important to note that assessed value is for tax purposes and does not directly predict market selling price, which can be higher or lower.
3. The home was last sold in late 2021. What can that history tell us?
The sold price range from December 2021 provides a recent benchmark. Market conditions have likely changed since then, but it establishes a concrete data point for the home's value just a few years ago.
4. What are the implications of a 1957 build date?
Built in 1957, the home is older than most on its street and in Garden City. This typically means potential for older infrastructure (like plumbing or electrical) that may need attention, but also the possibility of more established landscaping and mature neighbourhood character.
5. Is the lot size a pro or a con?
At 4,734 sqft, the lot is slightly smaller than average for the street and significantly smaller than the Garden City average. This means less yard maintenance, but also less private outdoor space compared to many area homes.