Property Overview
28 Colish Drive is a 1,320 sqft, one-storey home built in 1958, situated on a notably spacious 7,494 sqft lot in Winnipeg's Garden City neighbourhood. Its key appeal lies in the generous land size, which ranks well above average for both the area and the city, offering significant outdoor space and potential. The home itself presents a practical footprint, with a living area that is comfortably average for its immediate street and the wider city. It has no basement, garage, or pool. The property’s assessed value is consistently below average across all comparison levels, which is a defining characteristic.
This home would suit a buyer looking for a solid, no-frills bungalow on a large lot, prioritizing land over a premium structure. It’s a practical choice for those comfortable with a home of vintage character, possibly seeking a long-term project, garden space, or future expansion potential where the lot is the primary asset. The below-average assessment, relative to the lot size, may also attract value-oriented buyers or investors focused on land value.
Frequently Asked Questions
1. Why is the assessed value so much lower than averages?
The assessed value is below average for the street, neighbourhood, and city. This typically reflects the home’s specific characteristics (like the absence of a basement or garage), its condition, and recent market activity for similar, older bungalows in the area, rather than the land itself.
2. What are the implications of having no basement?
This means all living space is on the main floor, and there is no below-ground storage or utility area. Heating systems, water tanks, and electrical panels will be on the main floor, and storage solutions will need to be creatively incorporated into the home’s footprint or an external shed.
3. How does the large lot size benefit a buyer?
Beyond ample yard space, a lot of this size (ranking in the top 14% citywide) offers rare potential for gardening, recreation, adding a detached garage or workshop, or even future expansion, subject to local zoning bylaws. It provides a sense of privacy and room that is increasingly uncommon.
4. The home sold in early 2021. What does that recent sale indicate?
The sale three years ago provides a concrete, modern price point for comparison, suggesting the property is not a long-held estate sale. Understanding the sale price relative to the current assessment can offer insight into market trends and the property’s financial history.
5. What is the neighbourhood context of Garden City?
Garden City is an established, mature neighbourhood in Winnipeg. The property’s metrics show its living area is above average for this area, while its value is below average, which can indicate it offers more house for the dollar compared to neighbourhood peers, albeit in an older home.