Property Overview: 1058 Sinclair Street, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Garden City presents a compelling blend of space, value, and potential. Its key characteristic is an exceptionally large lot—over 8,300 sq ft—which ranks in the top 2-4% of the local area. This provides rare outdoor space for gardening, recreation, or future expansion. The living area (1,314 sq ft) is comfortably above average for the immediate neighborhood, and the home benefits from a renovated basement and an attached garage.
The appeal lies in its strong value proposition within a stable community. The assessed value is notably above average for Garden City, suggesting solid fundamentals, yet the historical sold price indicates an accessible entry point relative to the assessed worth. The 1970 build date is newer than most homes in the wider area, a less obvious advantage that can mean updated building standards and potentially fewer major maintenance timelines in the near term.
This property would suit first-time buyers or downsizers seeking a manageable single-level layout with ample yard space. It’s also a fit for value-conscious buyers looking for a home with "good bones" on a premium lot, where the land itself represents a significant long-term asset and the interior offers a renovated starting point.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the last sold price?
The home’s assessed value is significantly higher than its last recorded sale price (range of $28.5k-$31.5k in 2019). This gap may indicate strong market appreciation, an undervalued previous sale, or municipal assessment trends. It's a key point for discussion with a real estate professional.
2. What does the "renovated basement" include?
The listing notes a renovated basement but does not specify the scope. Buyers should inquire about the quality, permits, and nature of the renovation (e.g., finished living space, updated utilities, moisture management) to understand its true value and condition.
3. Is the large lot a benefit for future expansion?
The elite-sized lot is a major asset. It provides privacy and space not commonly found, but any expansion like an addition or new structure would be subject to local zoning bylaws and setback requirements. Its current value is in the generous outdoor living area it provides.
4. How does this home rank for its age in the area?
While around average for its street, this 1970-built home is newer than 97% of comparable homes in all of Garden City. This can be an advantage, potentially meaning more modern electrical, plumbing, or insulation compared to the neighborhood's predominantly 1960s-built stock.
5. Why is there a range for the last sold price instead of an exact figure?
The exact sale price is not publicly disclosed in Manitoba. The range is estimated from public data. The seller can request the precise figure from the listing provider, which involves a manual process to access non-public records.