Property Overview: 112 Coralberry Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Garden City is a solid, no-fuss property that offers practical living in a well-established neighbourhood. Built in 1960, it sits on a generously sized lot (over 6,000 sq ft) that ranks above average both for the street and city-wide, providing valuable outdoor space. The 1,155 sq ft living area is typical for the area, and the home features a renovated basement and a detached garage.
Its primary appeal lies in its straightforward, manageable layout and its strong positional value within its immediate community. The assessed value is notably above average for both Coralberry Avenue and the broader Garden City area, suggesting the property is well-regarded relative to its local peers. This isn’t a flashy home, but a grounded one that represents a stable investment in a mature neighbourhood. It would suit first-time buyers, downsizers looking for a single-level layout, or practical investors seeking a property with proven, steady value in a quiet setting. The renovated basement adds functional living space, making it a pragmatic choice for those needing extra room without a sprawling footprint.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in June 2020 for an estimated $31.5k–$34.5k. Its current assessed value of $37.8k is higher, indicating a likely increase in market value over the past few years, consistent with broader market trends.
2. What does the "above average" ranking for assessed value mean?
This means the home’s official assessed value is higher than most comparable homes on its street and in Garden City. It can indicate factors like better upkeep, desirable lot features, or favourable improvements relative to neighbours.
3. Is the living space considered small?
At 1,155 sq ft, it is slightly below the city-wide average but is very typical for Garden City and Coralberry Avenue. It represents a standard, efficient size for a one-storey home from this era.
4. What are the implications of a larger lot size?
The above-average lot size (6,048 sq ft) offers more private outdoor space than many properties and provides potential for gardening, expansions, or additions, subject to local zoning bylaws.
5. The home was built in 1960. What should I consider?
While the basement has been renovated, a home of this age will have original core components. A thorough inspection is recommended to assess the condition of the roof, wiring, plumbing, and foundation, which are typical focal points for homes built in this period.