Property Overview: 50 Teakwood Avenue, Garden City
Key Characteristics & Appeal
This well-maintained one-storey home in Garden City offers a practical and comfortable living space. Its key appeal lies in its above-average living area (1,343 sq ft) for both the immediate street and the neighbourhood, providing more interior room than many comparable homes. The property features a renovated basement and a detached garage. Built in 1961, it is slightly newer than many of its local peers, which can suggest updated infrastructure. The assessed value is positioned solidly within the average range for the city, indicating a fair market positioning.
The home’s strengths are its spacious interior and recent basement updates, making it a move-in-ready option for those seeking a bungalow layout. It would suit first-time buyers or downsizers looking for a manageable single-level home in a established community without the premium price tag of a newer property. A thoughtful perspective: while the land size is smaller than area averages, this often translates to less yard maintenance—a potential benefit for buyers seeking a low-maintenance lifestyle. Its value proposition is one of efficient use of space; you're getting more house on a compact lot.
Frequently Asked Questions
1. Is the smaller lot size a significant drawback?
Not necessarily. While the lot is below average in size for the area, it requires less upkeep. This can be ideal for those who prefer spending less time on yard work or who prioritize indoor living space over extensive outdoor grounds.
2. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is typically lower than market value. It serves as a useful benchmark, showing the home is in line with area averages, but the final sale price will be determined by current market conditions.
3. What does "renovated basement" typically include?
The listing confirms the basement is renovated but does not specify details. A viewing or inquiry with the listing agent is essential to understand the finish quality, ceiling height, legal egress, and whether it includes a bathroom or kitchenette.
4. Who might this neighbourhood appeal to?
Garden City is an established, mature neighbourhood with a mix of long-time residents and new families. It appeals to those seeking community familiarity, local amenities, and more affordable entry into the Winnipeg market compared to newer suburbs.
5. Given the age, what major systems might need attention?
As a home built in 1961, a prudent buyer should investigate the age and condition of major components like the roof, windows, plumbing, and electrical system during the inspection process, even though the home presents as well-kept.