Property Overview: 82 Lincrest Road, Garden City, Winnipeg
Key Characteristics & Appeal
This one-storey home on a 6,000 sqft lot presents a solid, above-average offering in the Garden City neighbourhood. Its primary appeal lies in its generous 1,504 sqft of living space, which ranks within the top 13-16% of comparable homes both on its street and in the wider area. The home is supported by a renovated basement and a detached garage. A standout feature is its $430,000 assessed value, which places it in the elite top 4% on Lincrest Road and the top 7% in Garden City, suggesting a property that is perceived as substantially more valuable than many of its immediate peers. Built in 1961, it is a typical home for the area in terms of age.
This property would suit buyers looking for a spacious, single-level layout in a well-established neighbourhood, and who place high importance on a strong assessment value that may indicate superior condition, updates, or lot desirability compared to nearby homes. It’s a practical choice for those wanting room to grow without the maintenance of a larger property, and for value-conscious buyers who appreciate a home that stands out positively in its local market context.
Frequently Asked Questions
1. Why is the assessed value so much higher than the average for the street?
While the exact reasons aren't specified here, a significantly higher assessment often reflects major renovations, additions, or premium lot features not captured in basic square footage. The noted renovated basement likely contributes to this.
2. Is the living area figure inclusive of the renovated basement?
Typically, "Living Area" refers to above-grade, finished space. The 1,504 sqft is likely the main floor area, with the renovated basement providing additional, separate living space.
3. How does the last sold price (2018, ~$22.5k-$25.5k) relate to the current $430k assessment?
The 2018 sale price appears to be for the land value only, likely from a tear-down or lot sale scenario. The current assessment reflects the value of the existing, improved house standing today.
4. What does the "above average" ranking for land area mean practically?
With 5,999 sqft, the lot is larger than many on the street but fairly typical for Garden City. It offers a good balance of yard space without being excessively large to maintain.
5. Are there any obvious concerns with a home built in 1961?
As with any home of this age, the condition of core components like the roof, wiring, plumbing, and foundation should be verified by a professional inspection, regardless of the recent basement renovation.