Property Overview: 8 Iris Street, Garden City, Winnipeg
Key Characteristics & Buyer Appeal
This one-storey home in Garden City is a study in contrasts, offering a specific value proposition. Its key characteristic is a generous 6,576 sqft lot, which is notably larger than most homes on its street and in the wider area. This presents a significant opportunity for gardening, expansion, or simply enjoying more private outdoor space. The home itself is more modest, with 1,056 sqft of living space, placing it below the average size for the immediate neighborhood. It features an attached garage and a renovated basement, adding functional living area. Built in 1960, its age is typical for the area.
The appeal lies in its land value and practicality. It suits buyers who prioritize lot size over interior square footage—perhaps first-time buyers looking for a foothold in a stable neighborhood with room to grow, or downsizers seeking a manageable single-level layout without sacrificing yard space. The renovated basement adds immediate utility. A thoughtful perspective is that this property may represent a "value-add" opportunity; the below-average assessed value for the area, combined with the large lot, could appeal to those with a longer-term view or renovation plans, provided the interior condition aligns with their vision.
Frequently Asked Questions
1. How does the home's size compare to others nearby?
At 1,056 sqft, the living area is below the average for both Iris Street and the broader Garden City area, but is close to the Winnipeg citywide average. This indicates a more compact interior layout compared to its immediate neighbors.
2. What is the significance of the lot size?
The lot is a standout feature. At 6,576 sqft, it is larger than approximately 80% of comparable properties on the street and in Garden City, offering more outdoor space than is typical.
3. What does the assessed value tell me?
The assessed value is below the average for both the street and Garden City, but around the average citywide. This can sometimes indicate a valuation opportunity, but it's essential to view the property in person to understand the full context, including the interior condition and updates.
4. Is the sold price history available?
Public data shows a sold price range between $245,000 and $275,000 in November 2019. For the exact historical sold price, you can request it via email from the listing source.
5. Who might this property not suit?
Buyers seeking a move-in-ready home with above-average interior space for the immediate neighborhood may find it limiting. It's likely better suited for those who value the potential of the large lot and are comfortable with a home that has a smaller footprint relative to others on the street.