Property Overview
8 Verbena Street is a one-storey, 1,040 sqft home built in 1960 on a 6,190 sqft lot in Winnipeg's Garden City neighborhood. It features a basement (not renovated) and has no garage or pool. Its most recent recorded sale was in May 2021.
Key Characteristics & Buyer Appeal
This home’s primary appeal lies in its value proposition and lot size. While the living space is modest and below the local average, the property sits on a larger-than-average lot for both the street and the wider city. This presents a clear opportunity for buyers with vision: the generous outdoor space offers room for additions, gardening, or future enjoyment, offsetting the home’s compact interior. The assessed value is notably below area averages, suggesting an accessible entry point into the market.
It’s a straightforward property that suits practical buyers. It would fit a first-time homebuyer comfortable with a home that may require updates, or an investor looking for a land-value play. The one-storey layout could also appeal to those planning for easier mobility in the future. Its appeal is rooted in potential rather than immediate luxury, ideal for someone who sees the value in the land and is prepared to grow into the home over time.
Frequently Asked Questions
1. What does "below average" assessed value practically mean?
It indicates the city's assessed value for tax purposes is significantly lower than most homes in the immediate area. This can mean relatively lower property taxes, but it also often reflects the home’s condition and size compared to neighbors.
2. Is the unrenovated basement finished or usable?
The listing specifies the basement is "not renovated." This typically means it is unfinished (concrete floors, exposed walls/utilities) and used for storage or utilities, not as living space.
3. How does the lot size compare to nearby properties?
At 6,190 sqft, the lot is above average for Verbena Street and Garden City. This is a key feature, offering more private outdoor space than many comparable properties.
4. What are the implications of having no garage?
Buyers should plan for street parking or consider the cost and feasibility of adding a driveway or garage in the future, subject to local bylaws.
5. Where can I find the exact historical sale price?
The exact sold price is not publicly listed in detail. The listing service offers to provide this information directly via email upon request, as noted in the sold history section.