Property Overview: 89 Garton Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, renovated bi-level home in the Inkster Gardens neighborhood. Built in 1981, its key characteristic is its affordability, underscored by a recently sold price in the $37.5k-$40.5k range and a below-average assessed value for its immediate area. With 949 sqft of living space and a renovated basement, it offers functional space on a standard city lot of just over 4,000 sqft.
The appeal lies in its position as a genuine entry-point into homeownership or a low-cost holding property. It suits practical buyers looking for minimal financial outlay, such as first-time buyers prioritizing getting into the market over size, or investors seeking a straightforward rental property with a renovated basement suite potential. A less obvious perspective is its relative "newness" compared to many Winnipeg homes; while older than its immediate neighbors, it is newer than the city-wide average, potentially suggesting slightly more modern construction fundamentals than many similarly priced options.
Section 2: Frequently Asked Questions
1. Is this a small house?
Yes. At 949 sqft, the living area is below average for the street, neighborhood, and city. It is a compact, efficiently sized home.
2. Why is the assessed value so much lower than the city-wide average home value?
The city-wide average comparison includes homes of all types and sizes across Winnipeg. This home’s assessed value is below average for its own neighborhood of Inkster Gardens, which is the more relevant metric and reflects its modest size and local market conditions.
3. What does "renovated basement" mean?
The listing confirms the basement is renovated, but the specific finishes, legal status (e.g., separate suite), and quality are not detailed. This would require verification via a viewing or direct inquiry with the seller.
4. How does the lot size compare?
The land area of 4,098 sqft is fairly typical for the Inkster Gardens area but is below the city-wide average lot size. It provides a standard urban yard space.
5. The home sold recently. What can the price tell me?
The sold price (May 2024) gives a concrete, recent market value benchmark for this specific property. It confirms the home transacts at a very accessible price point, consistent with its below-average assessments for the area.