Property Overview: 100 Gilia Drive, Garden City, Winnipeg
Key Characteristics & Buyer Profile
This 1961-built, three-level split home in Garden City presents a straightforward, value-oriented opportunity. With 1,089 sqft of living space, it sits around the average for its neighborhood, offering a practical layout for a small family or first-time buyer. The home includes a basement, but it is noted as not being renovated. There is no garage or pool.
The primary appeal lies in its land and value proposition. The property sits on a 5,498 sqft lot, which is notably larger than many in the immediate area, offering above-average outdoor space for the street. The assessed value is significantly below average for both Gilia Drive and Garden City, suggesting a potentially lower entry point. This combination of a sizable lot and a home with original finishes (like the unrenovated basement) makes it a clear candidate for buyers with renovation or expansion plans. It suits a practical buyer looking for solid fundamentals—good lot size, a livable floorplan—who is prepared to invest sweat equity or capital over time to modernize and increase the value. A less obvious angle is its appeal to those who prioritize yard space over finished interior square footage, or who see strategic value in a home assessed well below its peers on a mature, established street.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighboring homes?
The assessed value is based on the property's current state. The notation that the basement is "not renovated" and the home's original 1961 construction likely contribute to a lower assessment compared to updated homes on the street. This reflects its potential as a fixer-upper.
2. What does "three-level split" mean for the layout?
A three-level split typically features short flights of stairs separating living areas, often creating distinct zones. For example, the main living room and kitchen might be on one level, with bedrooms a few steps up, and a family room or additional space a few steps down. It's a classic design that offers some separation without a full second story.
3. How does the lack of a garage impact daily life and value?
This is a practical consideration for Winnipeg winters. Buyers should budget for alternative parking and storage solutions. The large lot, however, may provide space to add a garage in the future, subject to local bylaws and permits, which could be a long-term value-add.
4. The sold price history shows a sale in 2017 for roughly $21.5k-$24.5k. Why is that price so different from today's market?
The provided sold price range from 2017 appears to be an anomaly, potentially reflecting a non-arms-length transaction, a data error, or unique circumstances. It is not indicative of current market value. Always rely on a professional appraisal and recent, comparable market analyses for valuation.
5. Is the large lot a major advantage?
Yes, particularly in this context. The lot size is above average for Gilia Drive, offering more private outdoor space than many nearby properties. This is a fixed feature that cannot be easily replicated and provides flexibility for gardening, recreation, or future expansion, which is a key differentiator for this home.