Property Overview
This one-storey home at 22 Nolana Street in Winnipeg's Garden City neighbourhood presents a specific and compelling value proposition. Built in 1960, it sits on a generous 6,267 sqft lot, which is notably larger than many citywide and street-level comparisons. The home itself, at 1,040 sqft of living area, is more compact than many in the immediate area but benefits from a renovated basement and features a detached garage and a pool.
Its primary appeal lies in its land value and desirable amenities within a well-established community. The data shows its assessed value ranks in the top tier for its own street and above average for Garden City, suggesting it is viewed as a premium property in its micro-location. This makes it particularly suited for buyers who prioritize outdoor space and leisure (the pool and large lot) over extensive interior square footage. It would be an ideal match for a small household, a retiree looking for single-level living with room for gardening, or an investor seeking a property with strong underlying land value in a stable neighbourhood.
Frequently Asked Questions
1. Is the home's smaller living area a concern?
While the living area is below the average for Garden City, the property compensates with a renovated basement, effectively adding usable space. The value appears to be anchored more in its lot size and amenities than pure interior square footage.
2. What does the high assessed value ranking on the street indicate?
Ranking #1 of 24 for assessed value on Nolana Street signals that municipal assessment views this as one of the most valuable properties on the block. This often reflects factors like the lot size, renovations, and additions like the pool, but it doesn't directly predict future sale price.
3. How recent is the renovation work?
The listing confirms a renovated basement, but the scope and year of the renovation are not specified. This would be a key point for a buyer to investigate to understand the home's current condition and any potential immediate maintenance needs.
4. Are there any concerns with a pool in Winnipeg's climate?
An in-ground pool is a notable luxury but requires specific seasonal maintenance (opening/closing) and carries ongoing costs for heating, cleaning, and insurance. Its value is highly personal; for some it's a major asset, for others a liability.
5. The sold price history shows a recent sale. What does that mean?
The property sold between $40.5k and $43.5k in December 2024. This very recent transaction means the current listing is likely a quick flip or a change of circumstance, making the reasons for the rapid resale and any work done in that period important to discover.