Property Overview: 5 Daffodil Street, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Garden City presents a solid, updated offering with a standout financial characteristic. Its 1,190 sqft living space is comfortably average for the area, and it sits on a 6,044 sqft lot that is larger than many citywide comparables. A key feature is the renovated basement, adding functional living space. The detached garage offers practical storage or workshop potential.
The primary appeal lies in its strong assessed value of $390,000, which ranks significantly above average for both its immediate street and the broader Garden City neighbourhood. This suggests the property is viewed as a substantial asset relative to its peers, likely reflecting the renovations and overall condition. Recent sale history indicates active and appreciating market interest.
This home would suit practical buyers looking for a move-in-ready, single-level layout in a established neighbourhood. It’s particularly suited for those who value financial solidity and below-the-radar equity, as the metrics show a property that outperforms its local market. It would also appeal to buyers who appreciate a larger lot within the city and the flexibility of a detached garage.
Section 2: Frequently Asked Questions
1. What does the "above average" assessed value really mean for me?
It indicates the municipal property assessment is notably higher than most similar homes nearby. This can be a sign of substantial updates (like the renovated basement) and good condition, but it's also a factor in calculating your annual property taxes.
2. Is the lot size a pro or a con?
It depends on your priorities. On Daffodil Street, the lot is smaller than most neighbours'. However, compared to the entire city, it's above average. This means you have decent outdoor space, but potentially less than the houses immediately next door.
3. The home was built in 1958. Should I be concerned about major systems?
While the basement renovation is a plus, the core structure is nearly 70 years old. A thorough inspection of the roof, foundation, plumbing, and electrical systems is essential, as updates to these can be costly despite recent cosmetic improvements.
4. How stable has the property's value been?
Based on the limited sale data provided, the home sold for approximately $30.5k–$33.5k in 2017 and $42.5k–$45.5k in 2024. This points to a trend of appreciation, but for a precise value history, you would need to request the exact sold price records.
5. Who are the typical neighbours?
The listing shows nearby properties are of similar vintage (mid-20th century), suggesting a mature, established streetscape. The consistency in year built on Daffodil Street indicates a neighbourhood with a shared character and potentially similar maintenance timelines for homes.