Property Overview: 23 Teakwood Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This four-level split home, built in 1976, stands out for its generous proportions both indoors and out. With 2,656 sqft of living space, it ranks in the top 1% of homes on its street and the top 2% in Garden City for size, offering significantly more room than area averages. The property sits on a large 7,877 sqft lot, providing ample outdoor space that is well above typical for the neighborhood. Key features include an attached garage and a basement (noted as unrenovated).
The primary appeal lies in its exceptional space and established, quiet location. It’s a home that offers room to grow, entertain, or simply enjoy without feeling constrained. The lot size is a particular asset for privacy, gardening, or future expansion. The home would best suit buyers who prioritize interior square footage and land size over a modern, turn-key condition, and who see value in a property with a solid footprint that they can personalize over time. Its assessed value is notably high for the immediate area, reflecting its standout characteristics.
Section 2: Frequently Asked Questions
1. What does "Elite" or "Top X%" ranking mean for this home?
These rankings compare this specific property against similar homes on its street, in Garden City, and across Winnipeg. For example, being in the "Top 1%" for living area on Teakwood Avenue means it is larger than 99% of comparable homes on that street, highlighting its relative size and rarity in the immediate area.
2. The assessed value seems low compared to the city-wide average mentioned. Why?
The city-wide average assessed value shown (~$390k) is a general benchmark. This home's assessed value of $45.70k is consistent with and actually leads its immediate peer group in Garden City, indicating it is valued highly for its specific market area. Property assessments can vary widely between different neighborhoods and property types.
3. Is the basement finished?
The listing specifies the basement is "not renovated." This suggests it is likely in a functional but basic condition, presenting an opportunity for the buyer to finish it to their own taste and needs.
4. How recent is the sold price history, and how accurate is the range provided?
The most recent recorded sale was in October 2024, with a price range of $45.50k to $48.50k. The provider notes this range is based on public data and offers to supply the exact sold price via email upon request, as some records may be approximate.
5. The home was built in 1976. What should I consider?
While newer than many area homes, a 50-year-old property will likely have original or aging core components, such as the roof, windows, or major systems. Its appeal is in its space and lot, so a thorough inspection is recommended to understand the condition and potential future investments needed.