Property Overview
This one-storey home at 159 Gilia Drive in Winnipeg's Garden City neighborhood presents a unique blend of generous space and established character. Its primary appeal lies in its exceptional lot size—over 19,000 sqft, placing it in the top 1-2% of properties locally—offering rare potential for privacy, expansion, or landscaping. The home itself is above average in living space and features a renovated basement, a detached garage, and a pool. With an assessed value significantly higher than area averages, it is positioned as a premium offering on its street.
It would best suit buyers who prioritize land over a modern build, as the house itself is from 1960. It’s ideal for someone seeking a project or long-term family home where the yard is a central feature, or for those looking for a property with substantial equity in the land itself. The combination of a renovated basement, pool, and large lot also makes it a strong fit for entertainers or multi-generational families.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home is assessed at $460k. The most recent recorded sale in August 2024 was in the range of $485k to $515k, suggesting the market value aligns with or exceeds its assessed value.
2. What does the "Elite" ranking for Land Area actually mean?
It means this property's lot size of 19,106 sqft is larger than 99% of comparable homes on its street, 99% in Garden City, and 98% citywide. This is the home's most standout statistical feature.
3. Is the pool an asset or a liability for resale?
This depends on the buyer. It's a desirable amenity for many, especially on a large private lot. However, some buyers may see the maintenance and safety considerations as a drawback. Its presence aligns with the property's entertainer-friendly appeal.
4. The home is older; what are the likely maintenance considerations?
Built in 1960, major systems like the roof, plumbing, electrical, and foundation should be carefully inspected. The renovated basement is a positive update, but the age suggests a thorough home inspection is essential.
5. Why is the assessed value so much higher than neighborhood averages?
The assessed value reflects the combined value of the structure and, importantly, the land. This property's valuation is driven significantly by its exceptionally large lot size, which is a scarce commodity, placing it in the top tier of properties.