Property Overview: 4 Teakwood Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home, built in 1959, presents a classic Garden City bungalow with a recently renovated basement. Its primary appeal lies in a rare and substantial lot size of over 9,500 square feet, which ranks in the top 4% for the street and top 2% for the neighborhood. This offers exceptional outdoor space potential, from expansive gardens to future additions, setting it apart from typical area properties.
With just over 1,060 square feet of living space and no attached garage, the house itself is modest and efficient. Its assessed value and living area are consistently "around average" for its immediate street, Garden City, and Winnipeg overall, suggesting a fairly priced, no-surprises entry point into the market. The renovated basement adds valuable finished space.
This property would best suit a buyer who values land over lavish square footage—perhaps a gardener, a family seeking room for children and pets to play, or a long-term planner who sees the lot as a canvas for future projects like a garage, workshop, or even a significant expansion. It’s a practical home with a standout lot, offering a balance of neighborhood affordability and unique potential.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" typically include?
While specifics should be verified with the listing agent, a renovated basement in a home of this era often means it has been finished into a livable space, potentially including a rec room, additional bedrooms, or a bathroom, adding functional square footage to the main floor plan.
2. How does the lack of a garage affect daily life and value?
The absence of a garage is common for many Winnipeg bungalows. Buyers should budget for alternative parking (the driveway) and storage solutions. However, the large lot provides ample space to potentially add a garage or shed later, which could be seen as a value-add opportunity rather than just a drawback.
3. The assessed value seems low compared to the city-wide average listed. Why?
The city-wide average assessed value of $390k noted in the data includes all property types and sizes across Winnipeg. This home's assessment (~$33.8k for the building portion, with land value separate) is in line with similar-sized, older bungalows in the Garden City area. Always refer to the total assessed value from the municipal assessment notice for the complete picture.
4. Is a 1959 home likely to have major maintenance issues?
Homes from this era are generally solidly built but are at an age where core components may need attention or updating. A thorough inspection is crucial to assess the condition of the roof, foundation, plumbing, electrical systems, and windows. The renovated basement should also be checked for proper permits and moisture control.
5. What are the less obvious advantages of such a large lot?
Beyond space, a lot of this size can offer greater privacy from neighbors, more natural light, and better rainwater drainage. It may also provide flexibility for subdivision (subject to city zoning) or simply preserve a sense of openness that is becoming rarer in established neighborhoods.