Property Overview: 79 Teakwood Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1957, situated on a standard residential lot in Winnipeg's Garden City neighborhood. Its key characteristics are its modest scale and recently renovated basement. With 927 square feet of living space, it is notably smaller than most homes on its street, in the area, and across the city. The assessed value of $300k is positioned below average for comparable properties citywide.
The primary appeal lies in its potential as an affordable entry point into the housing market. The renovated basement adds functional living space, which is a significant asset for a home of this size. It would suit first-time buyers or downsizers seeking a manageable, low-maintenance property without major renovation projects. A thoughtful perspective for the right buyer is viewing its smaller size not as a drawback, but as an opportunity for lower utility costs, less upkeep, and a simplified lifestyle. Its price point may also attract investors looking for a rental property in a stable neighborhood.
Section 2: Frequently Asked Questions
1. Is the home's smaller size a concern?
While the living area is below average for the area, the renovated basement effectively expands the usable space. Buyers should consider if the layout and total functional space meet their needs.
2. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes. The recent sale history of nearby, similarly-sized homes (like those on Bluebell Avenue) may provide a more current benchmark for market value, though prices have changed since 2019.
3. What does the "below average" ranking for land area mean?
The lot is approximately 4,200 sq ft, which is smaller than many in Garden City but is a typical size for many city neighborhoods. It provides a manageable yard space without excessive maintenance.
4. Are there any obvious red flags from the data?
The data shows no extreme outliers. The home is consistently ranked below average in its immediate vicinity for size and value, which is typical for one of the smaller homes on a street. This is reflected in its pricing.
5. What are the next steps to learn more?
The listing suggests contacting them directly for the exact historical sold price, as the public data only shows a range. A viewing is essential to assess the condition of the main floor, the quality of the basement renovation, and the overall flow of the compact layout.