Property Overview
This is a 1,064 sqft, one-storey home built in 1958 on a 6,001 sqft lot in Winnipeg's Garden City neighbourhood. Its key characteristic is a notably low municipal assessed value ($28,800), which places it well below average for both the street and the wider city. The living space is modest but typical for the immediate area, and the lot size is comfortably average. The home’s appeal lies in its potential as an entry point into the market or as a value-driven investment property, given the significant gap between its assessed value and typical city averages. It would suit a practical, hands-on buyer looking for a lower barrier to entry, an investor seeking a property with a low tax assessment base, or someone interested in the value of the land itself in an established neighbourhood.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Municipal assessments are based on a mass appraisal system and specific property characteristics. A significantly lower assessment can stem from factors like the home's age, condition, size, or specific market trends in its immediate area compared to the broader city.
2. Does the low assessment mean my property taxes will be lower?
Generally, yes. Property taxes are calculated by applying the municipal tax rate to the assessed value. A lower assessment typically results in a lower tax bill, which is a key financial consideration for long-term ownership.
3. What should I consider about a home built in 1958?
While older than many homes on its street, a 1958 build is around the city-wide average. Prospective buyers should pay particular attention to the condition of major systems (like plumbing, electrical, and the foundation) common to homes of that era, as updates or repairs may be needed.
4. Is the living area suitable for a family?
At 1,064 sqft, the living area is functional but compact. It may suit a small family, a couple, or a single buyer more comfortably than a larger household, depending on layout and needs.
5. The sold price history shows a range. How can I find the exact price?
The exact sold price is not published in the public record. You can request it directly via the "Get exact sold price history" feature on this page, and the service provider will email it to you manually.