Property Overview
464 Garlies Street is a one-and-a-half storey home in Winnipeg's Inkster-Faraday neighbourhood, built in 1940. With 853 sqft of living space, a detached garage, and a full basement, it presents a straightforward, functional layout. The home sits on a 3,001 sqft lot, which is a typical size for the immediate area. Key data indicates it is a very modestly assessed property, both locally and citywide. Its appeal lies in its role as an affordable entry point into homeownership or as a practical investment property. The unrenovated basement suggests potential for future customization or additional living space, depending on a buyer's plans and budget.
This property would best suit a first-time buyer comfortable with a home that may require updates over time, or an investor looking for a rental property with a lower initial outlay. It’s a home for those who value practicality and location over size or modern finishes. A thoughtful perspective is that, while its living space is below the city average, its lot size is fairly standard for the street, offering a balanced outdoor space relative to the home's footprint. Additionally, being built in 1940 makes it newer than many homes on its street, which could imply slightly updated construction methods or materials for its era.
Frequently Asked Questions
1. What is the neighbourhood like?
Inkster-Faraday is a long-established Winnipeg neighbourhood. The property data shows home sizes and values here are generally modest and below the citywide average, indicating a more affordable community.
2. What does "basement, not renovated" mean?
This typically indicates the basement is in original or functional condition, but not modernized as finished living space. It provides essential utilities and storage, but any recreation room or apartment would likely be a DIY or renovation project.
3. How does the assessed value relate to market price?
The assessed value is for municipal tax purposes and is often significantly lower than market value. Here, the assessed value is very low compared to the city average, which generally reflects the home's modest characteristics and area, not a direct sale price.
4. Is the home smaller than others nearby?
At 853 sqft, it is slightly below the average for Garlies Street (996 sqft) and the Inkster-Faraday area (1,025 sqft). It is a compact home, which is a factor in its affordability.
5. What are the immediate next-door properties like?
The listing shows several nearby addresses on the same street, suggesting a closely built, traditional neighbourhood setting. The directly adjacent property at 466 Garlies is listed as a comparable "worth viewing" home.