Property Overview
36 Teakwood Avenue is a well-situated one-storey home in Winnipeg's Garden City neighbourhood. Built in 1958, it offers 1,048 sqft of living space and sits on a 4,737 sqft lot, with key features including a renovated basement and a detached garage.
Its primary appeal lies in its position as a solid, average-value home within its immediate area. The data shows its living space, assessed value, and lot size are all competitively ranked against similar homes on Teakwood Avenue itself. This suggests a property that is in step with its direct neighbourhood, potentially offering a sense of stability and predictable value. The renovated basement is a practical advantage, adding flexible living or storage space.
This home would suit first-time buyers or downsizers looking for a manageable, single-level layout in an established community. It’s also a sensible fit for value-conscious buyers who prioritize a home that aligns with area norms over one that stands out as exceptionally large or newly built. The lot size, while smaller than the Garden City average, is still generous by many standards and offers good outdoor potential.
Frequently Asked Questions
How does this home really compare to others in Garden City?
While its features are very typical for Teakwood Avenue, it's important to note the home's living area and lot size are below the broader Garden City averages. This means it offers a more compact footprint compared to many area homes, which could be a pro for lower maintenance or a con if seeking more space.
What does the assessed value tell me?
The assessed value is a municipal figure used for calculating property taxes, not a market price. That this home's assessment is around average for its street and slightly below average for Garden City suggests its tax burden is likely in line with or modest compared to the neighbourhood.
Is the renovated basement a full legal suite?
The listing notes a "renovated basement" but does not specify it as a legal secondary suite. Buyers should verify the permits and nature of the renovations to understand its legal use and any potential for rental income.
The home sold in 2018. What can that price history indicate?
The previous sale price provides a historical benchmark, but it reflects market conditions from seven years ago. It's most useful for understanding the owner's potential equity position, not for determining today's market value.
What are the less obvious considerations with a 1958-built home?
While the basement has been renovated, the core structure and major systems (like plumbing, electrical, and the foundation) are nearly 70 years old. A thorough inspection is crucial to understand the condition and potential upcoming investments in these fundamental areas.