18 Grandcrest Street

Property Overview: 18 Grandcrest Street, Garden City, Winnipeg

Section 1: Key Characteristics & Appeal

This is a one-storey bungalow with an unrenovated basement and a detached garage, built in 1961 on a 6,299 sqft lot. With 1,188 sqft of living space and a recent sold price in the mid-$30k range, its primary appeal is its position as an entry-point property in the established Garden City neighborhood.

The home suits buyers looking for affordability and land. Its lot size is above average citywide, offering good outdoor space and future potential. The unrenovated basement presents a clear, if not immediate, opportunity to add value. This is not a turn-key home; it’s a practical base for a first-time buyer, an investor, or a hands-on owner comfortable with gradual improvements. A less obvious perspective is its statistical standing: while it ranks below average on its own street for size and value, it sits around or above average for lot size within the wider city context. This highlights a classic trade-off—a smaller, older house on a desirable lot in a mature community.

Section 2: Frequently Asked Questions

1. What is the true condition of the basement?
The listing specifies the basement is "not renovated." Prospective buyers should budget for potential updates and are advised to investigate its current state, moisture levels, and compliance with building codes during an inspection.

2. Why is the assessed value significantly different from the recent sold price?
The assessed value is a municipal valuation for tax purposes, often trailing the market. The sold price from late 2023 (in the $33.5k-$36.5k range) is a more direct indicator of its recent market value.

3. How does this home compare to others in Garden City?
The data shows it is around average for living area in the neighborhood but below average for assessed value among Garden City homes. This suggests it may be a more affordable option within the area, likely due to its age and condition.

4. What are the implications of the home’s rankings on its street?
It ranks at the lower end for size, value, and year built among the 11 homes on Grandcrest Street. This indicates it is one of the more modest properties on the block, which can mean a lower entry cost but also suggests surrounding homes may be larger or more updated.

5. Is the exact sold price available?
Yes, but not publicly listed here. The exact sold price can be requested via email from the site, which provides the data manually without using your email for unsolicited marketing.