Property Overview
This one-storey home at 165 Forest Park Drive in Winnipeg's Garden City neighbourhood presents a compelling blend of space, location, and value. Its key appeal lies in its generous proportions and established setting.
Key Characteristics & Suitability
The home's most standout feature is its exceptionally large lot of over 10,650 square feet, which places it in the top 1-5% of properties in Garden City. This offers significant outdoor space for gardening, recreation, or future expansion. The 1,762 sqft living area is comfortably above the city average, and the home benefits from a renovated basement. Built in 1965, it is newer than many of its immediate neighbours, suggesting potentially updated core components for its vintage.
Its appeal is grounded in offering more house and significantly more land than is typical for the area, as reflected in its assessed value ranking in the top tier locally. This isn't just a standard lot in a mature neighbourhood; it's a notably spacious one.
This property would best suit buyers looking for a long-term family home in a stable area who prioritize private outdoor space over a brand-new build. It's ideal for those who appreciate the character and larger lot sizes of established neighbourhoods and may have plans to customize or expand. The single-storey layout also adds appeal for those thinking about long-term accessibility.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is often different from market value. This home's assessment is in the top 1% for Garden City, indicating it is officially valued much higher than most area homes, which typically reflects its larger lot and above-average living space.
2. What does the sold price history from 2019 indicate?
The previous sale in the $30.50k-$33.50k range six years ago provides a historical benchmark, but it is not a direct indicator of current market value, which will be influenced by today's market conditions, any updates made since, and the unique premium of its large lot.
3. Are there any concerns with a home built in 1965?
While the home is newer than many on the street, a professional inspection is always recommended for a house of this age. Key focuses would be the condition of the roof, windows, plumbing, electrical systems, and the foundation, ensuring the renovation was completed with proper permits.
4. What are the advantages of such a large lot?
Beyond ample yard space, a lot of this size (over a quarter-acre) offers rare potential in the city for additions like a large garage, workshop, or sunroom. It also provides greater privacy and distance from neighbours compared to standard lots.
5. Why is the home ranked differently for size on the street versus in the whole city?
The rankings are relative. On its own street of larger homes, its living area is around the middle. When compared to all homes in Garden City or Winnipeg, it's well above average, highlighting that Forest Park Drive is a street of relatively larger properties within an established neighbourhood.