Property Overview
This one-storey home at 4 Cherryhill Road in Winnipeg's Garden City neighbourhood presents a practical opportunity. Built in 1956, its key feature is a renovated basement, adding functional living space to the 913 sqft main floor. The home sits on a 6,043 sqft lot, which is notably larger than many city-wide averages. There is no garage or pool. With an assessed value of $350k, it sits around the middle range for its immediate area and the broader city.
Its appeal lies in its straightforward, single-level layout combined with the updated basement—ideal for creating separate living areas or a dedicated recreational space. The lot size is a significant asset, offering ample outdoor space for gardening, play, or expansion relative to many city properties. It suits first-time buyers seeking an entry point into the market, downsizers looking for minimal stairs and manageable upkeep, or practical investors interested in a home with a renovated lower level that could support rental income. A less obvious perspective is that its "below average" square footage for the area might represent a value-focused alternative in the neighbourhood, allowing buyers to pay more for the land and location rather than for excessive interior space that requires heating and furnishing.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 913 sqft, the main living area is smaller than most comparable homes on Cherryhill Road and in the Garden City area, but is complemented by the additional renovated basement space.
2. Is the assessed value in line with the local market?
Yes. The $350k assessment is around the average for both the immediate street and the wider Garden City neighbourhood, positioning it as a mid-range option in the area.
3. What is the significance of the lot size?
The 6,043 sqft lot is a standout feature. It is larger than approximately 70% of residential lots across Winnipeg, offering more private outdoor space than is typical for the city.
4. When was it last sold, and for how much?
Public records indicate a sale between August 2017, with a price range estimated between $215,000 and $245,000. For the precise sale price, you can request the exact history via email on the listing page.
5. What are the main considerations for maintenance or updates?
As a home built in the 1950s, prospective buyers should consider the age of major systems like the roof, plumbing, and electrical. While the basement is renovated, the main floor may reflect its original era, potentially requiring updates to suit modern tastes.