Property Overview: 49 Arrowwood Drive N, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey bungalow in Garden City is a practical and well-situated home built in 1959. Its key features include 1,158 sqft of living space, a renovated basement, an attached garage, and a 6,046 sqft lot. The home presents a balanced profile: its living space is comfortably average for the neighborhood, while its assessed value ranks notably high for both the street and the broader Garden City area, suggesting it is viewed favorably relative to its peers. The lot size is a particular strength citywide, offering above-average outdoor space.
The appeal lies in its established neighborhood setting and its solid, no-fuss layout. The renovated basement adds modern, functional living space without the need for immediate updates. It suits first-time homebuyers looking for a manageable, single-level layout, downsizers seeking a comfortable home with a good lot, or value-oriented investors attracted by its strong assessment history and rental-friendly bungalow style. A thoughtful perspective is that while the home itself is average in size, its above-average valuation on the street hints at specific updates, lot advantages, or a maintained condition that the market recognizes, offering a move-in-ready opportunity without a premium for excessive square footage.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in early 2020 for an estimated $29.5K-$32.5K. Its current assessed value of $37.6K is higher, which is typical as assessments reflect municipal valuation formulas and may not directly match past sale prices. This indicates the city assesses it above the average for similar homes on the street.
2. What does "renovated basement" typically mean for a home of this age?
For a 1959 bungalow, this usually indicates foundational updates like modern flooring, drywall, and lighting. It’s wise to inquire about the scope, permits, and whether it addressed core items like insulation, moisture proofing, and electrical systems common in mid-century builds.
3. Is the lot size a major advantage?
Yes, particularly from a city-wide perspective. At over 6,000 sqft, the lot is larger than about 70% of properties in Winnipeg, offering valuable outdoor space for gardening, recreation, or future expansion, which is a key asset in mature neighborhoods.
4. Who might this home not suit?
Buyers seeking a modern, open-concept layout or a brand-new build may find the 1959 floor plan more compartmentalized. Those prioritizing a premium, top-tier ranking in square footage within the city may prefer newer subdivisions.
5. How can I get the exact historical sale price?
The exact sold prices are not publicly listed in detail. You can request the precise figures by emailing the listing service via the "Get exact sold price history" button. They provide this data manually and state they do not use email addresses for unsolicited marketing.