Property Overview
15 Embassy Lane is a spacious 4-level split home in Winnipeg's Garden City neighborhood. Built in 1970, it sits on a large 7,409 sqft lot and offers 2,712 sqft of living space, which places it well above average in size for both the immediate area and the wider city. The home features a renovated basement and does not include a garage or pool. Its current assessed value is $440,000.
Section 1: Key Characteristics & Appeal
The primary draw of this property is its significant space. With living area rankings in the top 2% for Garden City and citywide, it offers substantial room for a growing family, multi-generational living, or those who simply desire ample personal space. The renovated basement adds modern, functional living area. The lot size is also a strong asset, providing generous outdoor space in a neighborhood where lots of this size are above average.
Its appeal lies in offering elite-level square footage at a value-oriented price point for what you get. The data suggests you are paying for interior volume and land, rather than premium finishes or amenities like a garage. It suits practical buyers who prioritize space over turn-key luxury—ideal for families, home-based workers needing offices, or DIY enthusiasts who see potential in the garage-less layout for a future workshop or addition. A less obvious perspective is its appeal to value-conscious buyers looking in established neighborhoods; the home’s size rankings far outpace its assessed value rankings, indicating you get more house per dollar here than in many comparable markets.
Section 2: Frequently Asked Questions
1. How does the lack of a garage impact daily life and value?
While a garage is a common convenience, its absence is reflected in the home’s value proposition. It may suit buyers with minimal vehicle storage needs, those who would consider adding a shed or future garage, or who prioritize the available budget going entirely to indoor and yard space.
2. The home sold in 2017 and 2020. What does that recent activity indicate?
The two sales within a three-year period could reflect a number of neutral factors, such as changing family needs or investor activity. It does show the property has maintained marketability. For precise insights, reviewing the exact sold prices (available by request) to understand appreciation trends would be important.
3. Is the renovated basement a legal suite?
The listing specifies a "renovated basement" but does not state it is a legal secondary suite. Buyers interested in rental income or a separate in-law suite should investigate the renovations with the city to confirm permits and compliance.
4. The home is a 4-level split. What are the practical implications of this layout?
This style offers natural separation of living spaces, which can be great for noise buffering between living and sleeping areas. The trade-off is more interior stairs, which may be a consideration for those with mobility concerns or very young children.
5. How does the assessed value of $440k relate to its likely selling price?
The assessed value is for municipal tax purposes and is not a direct indicator of market value. However, the data shows this assessment is in the top 5% for Garden City, signaling the municipality views it as a higher-value home in the area. Current market conditions and the home’s specific features will ultimately determine the selling price.