Property Overview: 42 Lincrest Road, Garden City, Winnipeg
Key Characteristics & Appeal
This 3-level split home, built in 1961, presents a practical opportunity in Winnipeg's Garden City neighborhood. With 1,176 sqft of living space and a recently renovated basement, it offers functional living on a standard 5,994 sqft lot. The home lacks a garage or pool, positioning it as a straightforward, lower-maintenance property.
Its primary appeal lies in its value proposition. The assessed value is notably below average for both its immediate street and the Garden City area, suggesting a potentially accessible entry point into the market. This is a home that doesn’t stand out in size or assessed value among its peers, which can be an advantage for buyers seeking affordability without a significant compromise on space. It would suit first-time buyers, downsizers, or value-focused investors who prioritize a renovated basement and a manageable yard over premium finishes or extra amenities. A thoughtful perspective is that its "average" metrics across the city might indicate stability and less risk of overpaying compared to properties in more volatile, high-demand segments.
Frequently Asked Questions
1. Is the below-average assessed value a concern?
Not necessarily. A lower assessment relative to the area can indicate a more affordable tax base and a potential value opportunity, especially if the home has been updated (like the basement) since its last assessment.
2. What does the lack of a garage mean for this property?
It simplifies the structure and reduces maintenance costs, but it requires planning for vehicle parking and storage. The lot size is sufficient to consider adding a shed or future parking pad, subject to local bylaws.
3. How does the living space compare to typical needs?
At just under 1,200 sqft, it is compact for a 3-level split. This efficient layout can be cozy for a small family but may feel compartmentalized. The renovated basement is a key asset for adding functional living or storage space.
4. The home is 65 years old. What should I be mindful of?
While the basement has been renovated, a home of this age will have original major systems (like plumbing, electrical, and the roof) that are at or beyond their typical lifespan. A thorough inspection is essential to budget for potential updates.
5. How reliable are the provided sold price ranges?
The ranges are based on public data. For precise historical sold prices to inform your offer, you must request the exact figures via the provided email service, as these are manually verified and not publicly disclosed in detail.