Property Overview: 9 Aster Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a spacious 6,154 sqft lot presents a specific and compelling value proposition. Its key characteristic is a significant contrast: while the living area (1,092 sqft) is modest and the assessed value is notably low for the area, the property sits on a land parcel that is well above average for both the street and the city. The basement has been renovated, adding functional space, and the home includes a detached garage.
The primary appeal lies in its potential. The very low assessment and smaller living footprint suggest it could be an accessible entry point into the Garden City neighbourhood, ideal for a buyer comfortable with a home that may require updates or who values land over a large existing structure. It suits first-time buyers, investors, or downsizers looking for a manageable house with a large, private yard for gardening, expansion, or future development. A less obvious perspective is that, while the home ranks low on its street for size and value, it ranks high for lot size and is newer than many neighbours, indicating a unique positioning among nearby properties.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
The assessed value is based on the property's current state as of the last evaluation. A significantly lower assessment often reflects the home's more modest size, condition, and features compared to updated or larger homes on the same street, as indicated by its ranking.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand the home's full living space and quality.
3. Is the large lot a potential advantage for expansion?
The lot size is a major asset, ranking in the top 10% on Aster Avenue. This provides ample outdoor space and could offer future potential for additions, a garden, or other outdoor amenities, subject to local zoning bylaws.
4. How does the sold price history from 2019 relate to today's value?
The sold price range from 2019 ($205k-$235k) is a historical data point. Market conditions, interest rates, and the property's condition have likely changed since then, so it should not be used as a direct indicator of current value without a professional market analysis.
5. The home is described as "around average" for the city in several metrics. What does that mean?
For living area and year built, the home is close to the Winnipeg average, meaning its size and age are typical city-wide. However, its assessed value is below the city average, while its lot size is above average, creating a unique value profile.