Property Overview: 52 Teakwood Avenue, Garden City, Winnipeg
Key Characteristics & Appeal
This one-storey home in Garden City is a practical and well-situated property. Its key characteristic is a renovated basement, adding valuable finished living space to the 1,158 sqft footprint. Built in 1960, the house is slightly newer than many on its street, and its living area is above average for the immediate neighbourhood. It features a detached garage.
The appeal lies in its position as a solid, move-in-ready base in a mature community. The renovated basement suggests immediate livability without a major project. However, the data provides a nuanced perspective: while the house itself is spacious for the street, the lot size is notably smaller than most in Garden City. This could mean lower maintenance but less private outdoor space. Similarly, its assessed value is below average for the area, which may indicate a relative value opportunity for a buyer or reflect the smaller lot and specific home features.
This property would best suit first-time buyers, downsizers, or practical investors seeking a manageable home in a established neighbourhood without a large yard to upkeep. It’s for those who prioritize interior updates and location over a large property footprint.
Frequently Asked Questions
1. What does the below-average assessed value indicate?
A below-average assessment compared to neighbours can signal a potentially lower property tax burden. It often reflects specific attributes of this home, such as its smaller lot size, when compared to area averages. It does not directly predict the final sale price.
2. How does the smaller lot size impact the property?
The land area is smaller than most in Garden City. This typically translates to less exterior maintenance and yard work, which can be a benefit for some buyers. The trade-off is likely less space for gardening, play, or future expansions like a large deck or addition.
3. Is the living space adequate for a family?
With 1,158 sqft above grade plus a renovated basement, the total livable space is generous for a one-storey home. It should comfortably accommodate a small to medium-sized family, with the basement offering flexible space for recreation, guests, or a home office.
4. What are the implications of the home's age?
Built in 1960, the home is part of Winnipeg's mature housing stock. While the basement has been renovated, buyers should still consider the potential future need for updates to other original systems, such as plumbing, electrical, or the roof, as part of their planning.
5. How can I get the exact historical sale price?
The listed sale price ranges are estimates from public data. To obtain the precise sale price from its last transaction, you can use the email request service provided on the listing page. This is a manual process, with details typically provided by the end of the same business day.