Property Overview: 769 Carruthers Avenue, Winnipeg
Key Characteristics & Appeal
This 955 sqft bi-level home, built in 2014, presents a compelling mix of modern convenience and practical living. Its primary appeal lies in its relative newness compared to most homes in the established Garden City neighborhood, offering a move-in-ready property with likely fewer immediate maintenance concerns than older stock. The home features a renovated basement and a detached garage.
The data reveals a nuanced position: while the living space is modest (ranking below average for the city and area), the property's assessed value ranks above average for its immediate street and Garden City. This suggests a premium for its modern build year in a neighborhood of predominantly older homes. The lot is compact, which translates to less yard upkeep—a plus for some, a drawback for others.
This property would suit first-time buyers or downsizers seeking a newer, low-maintenance home in a mature community without a sprawling yard. It’s also a practical fit for investors or buyers who prioritize modern systems and a renovated basement over square footage, valuing their time and budget for repairs.
Frequently Asked Questions
1. Is the price justified given the smaller square footage?
The assessed value ranks highly for the street and neighborhood, indicating that the market factors in the significant advantage of a much newer construction date (2014) compared to the area average (circa 1960). You're paying a premium for modern infrastructure and condition, not raw space.
2. What are the pros and cons of the smaller lot size?
The compact 3,127 sqft lot means minimal yard work and lower exterior maintenance costs. However, it offers less private outdoor space and limited potential for expansions like a large deck or addition compared to neighboring properties.
3. How does the "renovated basement" affect the living space?
While the main living area is 955 sqft, the renovated basement adds functional space. It's crucial to clarify the renovation's scope, permits, and whether it adds legal bedrooms or simply finished recreational space.
4. Why is the assessed value so much lower than the citywide average?
The citywide average assessed value includes all property types and neighborhoods. This home's value is consistent with its specific location in Garden City. The key metric is that it ranks above average for its own neighborhood, signaling strong relative value there.
5. What is the neighborhood character, given the mix of old and new homes?
Carruthers Avenue itself has a mix, with this home being one of the newest. This can offer the best of both worlds: the established trees and community feel of Garden City, with the modern efficiencies of a recent build. It’s worth visiting to see if the streetscape feels cohesive.