Property Overview: 856 Airlies Street, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Garden City presents a solid opportunity, particularly for its generous 7,257 sqft lot—a standout feature that ranks in the top 15% citywide. The 1,300 sqft living space is comfortably above average for the immediate street and neighbourhood. A key update is the renovated basement, adding functional living space, while the detached garage offers flexibility.
The primary appeal lies in its established setting and land value. The lot size offers rare potential for expansion, gardening, or outdoor living compared to many modern subdivisions. With an assessed value that sits above average on its street, the property represents a stable, mid-century home in a mature community. It would suit first-time buyers or downsizers looking for a manageable single-level layout with a renovated basement for extra room, and practical buyers who see value in land size and the option to personalize a home over time.
Section 2: Frequently Asked Questions
1. How does the property’s size compare to others?
The home itself is spacious for the area, but the lot is its most distinguishing feature. At over 7,250 sqft, it is significantly larger than most lots in Garden City and Winnipeg overall, offering more private outdoor space.
2. What is the significance of the assessed value ranking?
The assessment ranks in the top 25% on its own street, suggesting it is viewed as a higher-value property among its direct neighbours, which can be a positive indicator for relative worth and stability.
3. The home was built in 1959. What should I consider?
While the renovated basement is a plus, a home of this age will have core systems (like plumbing, electrical, and the roof) that are likely original or nearing their lifespan. A thorough inspection is essential to budget for any necessary updates.
4. The last sold price range shows a significant increase over the assessed value. Why?
The sold price from 2023 is a market transaction, while the assessed value is for municipal tax purposes and often lags behind current market conditions. The difference highlights strong market demand and appreciation for properties in this area.
5. Who are the most likely neighbours or buyers for this street?
Airlies Street appears to be a stable, established block with homes of similar vintage and value. Buyers are likely to be long-term residents, families, and individuals seeking a quiet, neighbourhood-oriented setting within Winnipeg.