Property Overview: 470 Garlies Street, Winnipeg
Key Characteristics & Appeal
This one and three-quarter storey home, built in 1928, presents a practical opportunity in the Inkster-Faraday neighbourhood. With 1,144 sqft of living space and a renovated basement, it offers functional space on a standard 3,001 sqft lot, complemented by a detached garage. Its core appeal lies in its relative standing within its immediate area: it ranks above average for both living area and assessed value specifically on Garlies Street itself, suggesting it is a solid performer in its local context. While its metrics are more average or below average when compared to the wider city, this highlights a property that is well-aligned with its established community.
This home would suit a first-time buyer or pragmatic investor looking for a character home without the premium of a newer neighbourhood. It’s for someone who values a renovated basement for extra living space and appreciates the stability of a property that holds its own on its block. A thoughtful perspective is that its older age (98 years) implies predictable, established neighbourhood character, but also necessitates a buyer comfortable with the maintenance nuances of a historic home.
Frequently Asked Questions
1. How does this home really compare to others in the area?
The data shows it is consistently above or around average for its immediate street and the Inkster-Faraday neighbourhood in key categories like size and assessed value. This indicates it is a competitive property within its local market, even if city-wide comparisons differ due to the variety of housing types across Winnipeg.
2. What should I know about a home built in 1928?
While offering classic charm, a home of this age will have systems (like plumbing and electrical) that may have been updated over time. A thorough inspection is essential to understand the condition of the original structure and any renovations, including the basement.
3. The assessed value seems low compared to city-wide averages. Why?
Property assessments are based on market value for taxation purposes and are heavily influenced by the local area. The assessed value here is aligned with the norms for the Inkster-Faraday neighbourhood, which has different market dynamics than newer or higher-priced areas of the city.
4. Is the detached garage a standard feature here?
Yes, the listing specifies a detached garage. This is a valuable asset in this neighbourhood, providing secure storage or workshop space.
5. How can I find out the exact historical sale prices?
The provided sold price history is a range based on public data. To obtain the exact sale figures, you can use the email request service offered on the listing page, which manually provides accurate price history.