Property Overview: 1074 Sinclair Street, Garden City, Winnipeg
Key Characteristics & Appeal
This bi-level home at 1074 Sinclair Street is a standout property in Winnipeg's Garden City neighborhood, primarily due to its exceptional lot size and strong value proposition. The nearly 7,600 sqft land area is notably large, ranking in the top 5% on its street and top 9% in the wider Garden City area, offering significant outdoor space and potential. The home itself, built in 1969, features a renovated basement and a detached garage. With 1,273 sqft of living space, it is comfortably above average for its immediate area. The property’s assessed value is strong relative to its local market, ranking in the top 8% on Sinclair Street.
The appeal lies in this combination of a generous, private lot with a practical and updated living space. It suits buyers looking for a solid footprint in a established neighborhood—perfect for families desiring room for children to play, gardening enthusiasts, or those who value long-term potential over a brand-new build. It’s a property where the land itself is a major asset, offering future possibilities while providing a move-in ready home today.
Frequently Asked Questions
1. How does the lot size compare to a typical city lot?
The lot is 7,566 sqft, which is approximately 20% larger than the Winnipeg city-wide average lot of about 6,570 sqft, and significantly larger than many lots in its own Garden City area.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand if it’s a finished living space, a recreational room, or has separate entrance potential.
3. The assessed value seems low. What does this mean for property taxes?
While the assessed value is strong for its local area, it is important to note that property taxes are calculated using a mill rate applied to this assessed value. A lower assessment relative to market value can be advantageous for annual tax costs, but the final sale price may be higher.
4. Is the detached garage heated or insulated?
The listing specifies a detached garage but does not state its condition, size, or amenities. This is an important practical consideration for vehicle storage or workshop use, especially given Winnipeg's climate.
5. The home sold in 2021. What can that price history tell me?
The sold price range from March 2021 (40.5k - 43.5k) provides a historical benchmark. Comparing it to the current assessed value and asking price can offer insight into market trends and the property’s perceived appreciation, but it is not a direct predictor of the current market value.