Property Overview: 87 Coralberry Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Garden City is a practical and straightforward property. Its key characteristic is a well-proportioned, larger-than-average lot for the area, offering over 6,000 sqft of outdoor space. This is a notable advantage for a home of this size, providing room for gardening, play, or future expansion. The living area is modest at just over 1,050 sqft, which is common for the neighbourhood, and the home features a renovated basement and a detached garage.
The appeal lies in its grounded value and potential. It sits on a desirable lot in a mature, established community. The home itself, built in 1960, is among the older on its street, suggesting it may be a candidate for updates that could significantly increase its value. It would suit first-time buyers looking for an entry point into the market with room to grow, downsizers seeking a manageable single-level layout with outdoor space, or value-oriented investors attracted by the solid lot size and the neighbourhood's consistency. A less obvious perspective is that its "below average" living area for the street could represent an opportunity; investing in a thoughtful addition could leverage the generous lot and bring the home in line with larger neighbours, potentially yielding strong returns.
Section 2: Frequently Asked Questions
1. What is the actual recent sold price?
The available public data shows a sale in October 2020 for an estimated range. For the precise, verified sold price, you can request it directly via email from the listing source.
2. How does the assessed value relate to market value?
The assessed value is for municipal tax purposes. While it provides a benchmark, market value is determined by current buyer demand, the home's condition, and recent sales of comparable properties.
3. What does the "renovated basement" entail?
The listing notes a renovated basement but does not specify the scope. This is a key detail to clarify with the seller or agent to understand the finish quality, ceiling height, permits, and whether it includes a bathroom or legal secondary suite potential.
4. Is the larger lot a burden or an asset?
It's primarily an asset for privacy and space, but it does mean higher municipal land tax components and requires more maintenance (lawn care, snow clearing) than a smaller lot.
5. Given the age, what major systems should be investigated?
As a home built in 1960, special attention should be paid to the age and condition of the roof, foundation, plumbing, electrical wiring, and heating system, as these could require significant investment.