201 Garton Avenue

Property Overview & Key Characteristics

This bi-level home at 201 Garton Avenue in Winnipeg's Inkster Gardens neighbourhood presents a solid, value-oriented opportunity. Its primary appeal lies in the combination of a very large, nearly 10,000 sqft lot—placing it in the top 1% for size on its street—and a recently renovated basement. The attached garage and the home's overall ranking in the top 5% of the street for assessed value suggest it is a well-regarded property in its immediate area.

The home would suit practical buyers looking for space and outdoor potential without a premium price tag. It's ideal for those who prioritize lot size over a larger living footprint, as the 1,158 sqft interior is functionally sized but not expansive. The renovated basement adds valuable finished space. A thoughtful perspective is that this property may represent a "land value play" in the making; the substantial lot in a stable neighbourhood offers long-term potential that newer subdivisions with smaller lots often lack.

Frequently Asked Questions

1. How does the lot size compare to typical properties?
The 9,880 sqft lot is exceptionally large, ranking in the top 1% on Garton Avenue and the top 6% across all of Winnipeg. This is a defining feature of the property.

2. What is the significance of the assessed value?
At $46,800, the assessment is in the top 5% on its street, indicating municipal valuation is high relative to neighbours. However, it's essential to compare this to recent sale prices and market conditions for a complete picture.

3. The home sold in 2021. What does that recent sale price indicate?
The home sold for $50,100 in July 2021. This recent transaction provides a concrete data point for market comparison, showing activity in the current market cycle.

4. Is the living space small for a bi-level?
At 1,158 sqft, the living area is moderately sized, ranking near the middle for the street and neighbourhood. The renovated basement effectively expands the usable space, making the total functional area more competitive.

5. How does the age of the home (built 1985) factor in?
Built 41 years ago, the home is neither new nor historic. Its age is typical for the area, and a key consideration would be the age and condition of major systems (roof, windows, HVAC) alongside the noted basement renovation.