Property Overview: 417 Garlies Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1939, presents a practical and well-positioned opportunity in the Inkster-Faraday neighbourhood. With 1,016 sqft of living space and a renovated basement, it offers functional living on a standard 3,001 sqft lot, complemented by a detached garage. The appeal lies in its solid, no-fuss foundation and its position as a relative value within its immediate area. While its size and assessed value are below Winnipeg’s city-wide averages, they are consistently around or above average for its own street and neighbourhood. This suggests a property that is competitively priced and appropriately sized for the community, rather than standing out as an exception. It last sold in mid-2023.
It would suit a first-time buyer or an investor looking for a straightforward, entry-level home without major surprises. The renovated basement adds flexible space, and the home’s metrics indicate it’s a typical, well-kept property for the block—an advantage for those seeking stability over standout features. A thoughtful perspective is that its "averageness" on the street is a strength, implying predictable maintenance costs and a stable peer group of homes, which can be reassuring.
Frequently Asked Questions
1. How does this home’s value compare to others in Winnipeg?
Its assessed value is significantly below the city-wide average, placing it in the top 91% of all homes (meaning only 9% of homes have a lower assessment). This indicates it represents a more accessible price point within the broader market.
2. Is the living space smaller than most homes?
At just over 1,000 sqft, it is slightly above the average for both Garlies Street and the Inkster-Faraday area, but below the Winnipeg city-wide average. It provides a efficiently sized layout common for its neighbourhood and era.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key detail to clarify with the seller or agent to understand the quality and use of the additional space.
4. How does the 1939 build year affect the home?
At 87 years old, it is newer than most homes on its street, ranking in the top 19%. This can be a positive, potentially indicating updated core systems compared to even older neighbours, but a thorough inspection for an older home’s typical maintenance items is always advised.
5. Where can I find the exact historical sold price?
The listed sale range is based on public data. The exact sold price from the June 2023 transaction is available by request directly from the listing service, as noted in the details.