Property Overview
28 Iris Street is a well-maintained, one-storey home in Winnipeg's Garden City neighbourhood. Built in 1962, it offers 1,339 sqft of living space on a generous 6,046 sqft lot, with an attached garage and a renovated basement. The home presents a solid, move-in-ready opportunity without the premium often attached to newer builds or smaller lots.
Key Characteristics & Appeal
This home’s primary appeal lies in its balance and practicality. It is consistently "around average" to "above average" compared to its immediate street and neighbourhood in key metrics like living space, year built, and assessed value. This suggests a property that holds its own without extremes—it's not the largest or newest on the block, but it is a comfortable and established part of the community. The renovated basement adds functional living space, a significant advantage for a one-storey layout.
A thoughtful perspective is its lot size: while average for Garden City, it ranks in the top 30% citywide. This offers more outdoor space than many Winnipeg homes, providing room for gardening, play, or expansion, which is a growing priority for many buyers. The home suits first-time buyers seeking a manageable, single-level layout in a stable neighbourhood, or downsizers looking for a comfortable home with a low-maintenance footprint but without sacrificing yard space. It’s ideal for those who value a quiet, residential setting with room to breathe over being in the very centre of the action.
Frequently Asked Questions
1. Is the basement a legal suite?
The listing notes a renovated basement, but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
2. How does the assessed value relate to the likely selling price?
The assessed value is $36,500, but recent sold price data (Fall 2024) shows a range of $40,500-$43,500. Market conditions typically result in a sale price above the assessed value for in-demand homes.
3. What is the typical property tax for this home?
Based on its assessed value, property taxes would be calculated using Winnipeg's current mill rate. A useful estimate can be obtained by multiplying the assessed value by the approximate residential mill rate (available from the City of Winnipeg).
4. Are there any known issues with homes of this age?
Built in 1962, potential buyers should ensure a thorough inspection for common issues of the era, such as the condition of the roof, original plumbing or electrical systems, and foundation integrity, even though the home appears well-kept.
5. What is the parking situation beyond the attached garage?
The home has an attached single garage. The large lot likely provides additional driveway parking, but buyers should confirm the exact configuration and any bylaws regarding street parking.