Property Overview: 38 Vanier Drive, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-maintained, one-storey home built in 1965, offering 1,432 sqft of living space with a renovated basement and an attached garage. Its key appeal lies in its established Garden City neighbourhood setting and its balanced, above-average positioning within the local market. While the home's living space is modest for the immediate street, it is notably above average for the wider Garden City area. The assessed value is strong for the neighbourhood, ranking in the top 9%, which suggests a solid level of improvement and care relative to nearby properties. The lot size of 6,252 sqft is generous by city-wide standards, offering good outdoor space.
This property would suit practical buyers looking for a move-in-ready home with a finished basement in a mature community. It’s ideal for those who value a larger lot and a home that stands out in terms of value and condition within its specific neighbourhood, rather than one that is the largest on the block. It represents a sensible choice for first-time buyers or downsizers seeking single-level living without compromising on yard space or neighbourhood amenities.
Section 2: Frequently Asked Questions
1. How does this home really compare to others in Garden City?
While it's an average size on its own street, this home ranks in the top 21% for living area and top 9% for assessed value across all of Garden City. This indicates it is a well-regarded and likely well-updated property within the broader community context.
2. What does the sold price history from 2020 indicate?
The home sold in late 2020 for an estimated range of $335,000-$365,000. This historical data provides a benchmark, but current value would be influenced by market conditions, updates since that sale, and its current strong assessed value.
3. Is the lot size a pro or a con?
It depends on your priorities. The lot is below average for Vanier Drive but is larger than most city-wide. This means you get ample private outdoor space, though some direct neighbours may have larger plots.
4. What are the implications of the home’s age (1965)?
The home is typical for its mature neighbourhood. A key positive is the renovated basement, which addresses a common update needed in homes of this era. Buyers should still consider a standard inspection for foundational, roofing, and mechanical systems common to mid-60s construction.
5. Who determines the assessed value and what does it mean for property taxes?
The assessed value ($41.7k, where 'k' denotes a thousand) is set by the municipal tax assessor to determine your share of property taxes. Ranking in the top 9% for the area means it’s assessed higher than most neighbourhood homes, which typically translates to a correspondingly higher property tax bill.