Property Overview: 468 Garlies Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1922, presents a practical opportunity in Winnipeg's Inkster-Faraday neighbourhood. With 1,066 sqft of living space and a 3,001 sqft lot, its key metrics are consistently average or slightly above average for its immediate street and local area, suggesting it fits comfortably within the context of this established community. The home features a basement (not renovated) and a detached garage.
Its primary appeal lies in its affordability and stability, as reflected in its assessed value of $200,000—a figure significantly below the Winnipeg citywide average. This is a home for buyers who prioritize value and lot ownership over modern finishes or square footage. It would suit a first-time buyer comfortable with a home that may require updates, or an investor looking for a straightforward rental property in a neighbourhood where values are steady. A less obvious perspective is that a home of this vintage on a standard lot offers a tangible, manageable piece of the city's housing stock without the premium of a trendy area, appealing to those seeking simplicity and lower carrying costs.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others?
The home’s $200,000 assessed value is around the average for both Garlies Street and the broader Inkster-Faraday area, indicating it is priced consistently with its direct peers. However, this value is well below the citywide average, highlighting the neighbourhood's affordability.
2. What should I know about the condition?
The listing notes the basement is "not renovated." Prospective buyers should budget for potential updates and consider a thorough inspection, common for a home built in 1922, to understand the state of major systems like plumbing, electrical, and the foundation.
3. Is the lot size typical?
At just over 3,000 sqft, the lot is slightly below average for the city but fairly standard for the local area. It provides adequate outdoor space for a garden or patio without the maintenance demands of a much larger yard.
4. What is the historical sale context?
Public data indicates a sale occurred in August 2021 in the $175k-$205k range. This recent history suggests a stable value trajectory in line with the current assessment.
5. Who are the typical neighbours?
The immediate neighbours on Garlies Street are homes of similar vintage, size, and assessed value, pointing to a uniform, established streetscape without extreme variations in property style or scale.