Property Overview
36 Iris Street is a well-maintained, one-storey home in Winnipeg's Garden City neighbourhood. Built in 1962, it features a renovated basement and an attached garage on a spacious 6,046 sqft lot. With 1,121 sqft of living space, it is a comfortably sized home that presents a practical and grounded opportunity.
Key Characteristics & Appeal
This home’s primary appeal lies in its balance of modest updates and a generous, above-average citywide lot size, offering room for gardens, play, or expansion. The renovated basement adds functional living space, a valuable asset in a one-storey layout. Its assessed value ranks above average for Garden City, suggesting it is a solid asset within its immediate community.
It would suit first-time buyers or downsizers seeking a manageable single-level layout without sacrificing outdoor space. The data indicates it’s a home that doesn’t stand out for sheer size or newness but represents a stable, established option. A thoughtful perspective is that while the living area is below average for its specific street, the property holds its value well in the broader neighbourhood, potentially offering a more affordable entry point onto a settled street with the benefit of a larger-than-typical urban lot.
Frequently Asked Questions
1. How does the home's size compare to others?
At 1,121 sqft, the living area is slightly below average for similar homes on Iris Street itself but is around the average for both the Garden City area and Winnipeg overall.
2. What does the assessed value tell us?
The assessed value of $368,000 is above the average for Garden City, indicating the property is considered a relatively strong asset within this neighbourhood.
3. Is the lot size a notable feature?
Yes. The 6,046 sqft lot is a standout feature citywide, ranking in the top 30% in Winnipeg, which means it offers more outdoor space than most comparable properties.
4. What is the significance of the sold price history?
The home sold in July 2019 for between $305,000 and $335,000. This historical data provides a benchmark, and the current assessed value being higher reflects market changes and possibly the renovated basement.
5. Who would this home be best for?
It’s an excellent fit for buyers who prioritize a large yard and single-level living over a very large interior footprint. Its stable assessment and neighbourhood ranking make it a practical choice for those seeking a long-term home in a established community.