Property Overview
This one-storey home at 120 Arrowwood Drive N in Winnipeg's Garden City neighbourhood presents a practical and grounded opportunity. Built in 1960, it features 1,224 sqft of living space, a renovated basement, and a detached garage on a 6,048 sqft lot. Its appeal lies in its solid, no-fuss character and its position as a consistently average performer in key metrics—it doesn’t stand out dramatically in size or assessed value compared to its immediate street, area, or the city, which can signal stability and predictability in a well-established community. The renovated basement adds modern livability to the classic bungalow layout.
This property would suit a first-time homebuyer or a downsizer looking for a manageable, single-level home in a mature neighbourhood. It’s also a sensible fit for a value-oriented buyer who prioritizes a decent lot size and functional updates over flashy features, and who appreciates a home that aligns with neighbourhood norms rather than exceeding them.
Frequently Asked Questions
1. How does this home compare to others in the area?
The data shows this home is consistently around the average for Garden City in terms of living area, assessed value, and lot size. Its year built is slightly above average for its specific street. This suggests it's a very typical home for the community, not an outlier in size or value.
2. What is the significance of the "renovated basement"?
While the listing confirms the basement is renovated, the specifics of the renovation (finish quality, permits, when it was done) are not detailed here. This is a key point for further inquiry to understand the home's true condition and livable space.
3. The assessed value seems low. What does that mean for the selling price?
Municipal assessed value (shown as $35.60k) is for tax purposes and is typically much lower than market value. The recent sold price range (Oct 2024: $34.50k ~ $37.50k) is likely closer to the actual market value, though you should confirm the exact price and consult a real estate professional for current valuation.
4. What are the pros and cons of a 1960s bungalow?
Pros often include a simple layout, a larger lot compared to newer homes, and structural durability. Cons can involve older building materials (like original wiring or plumbing), insulation standards, and the potential for ongoing maintenance needs due to its age.
5. The lot size is noted as "above average" citywide. Is that a major advantage?
Possibly. A lot size in the top 30% citywide on a quiet street like Arrowwood Drive N offers more outdoor space than many newer properties. This provides room for gardening, recreation, or future expansion (subject to zoning), which is a less obvious but valuable asset in an otherwise average-sized home.