Property Overview: 54 Woodcrest Drive, Garden City, Winnipeg
Key Characteristics & Appeal
This one-storey home on a 5,500 sqft lot in Garden City offers a practical, single-level layout with 1,436 sqft of living space. Its key feature is a renovated basement, adding valuable finished square footage. Built in 1962, the home presents a solid opportunity in a mature neighbourhood.
The appeal lies in its above-average living space for both the immediate street and the Garden City area, suggesting a home that feels more spacious than many of its peers. The renovated basement is a significant functional upgrade. However, the assessed value is notably below average for the street, which could indicate a value proposition for a buyer or point to factors influencing valuation. The property lacks a garage and pool, keeping maintenance simpler.
This home would suit first-time buyers or downsizers seeking a manageable, single-level layout without stairs. It’s also a candidate for value-conscious buyers who prioritize interior space and updates (like the basement) over premium lot size or newer construction. The data suggests it’s a home that outperforms locally in square footage but may be priced accessibly relative to its direct neighbours.
Frequently Asked Questions
1. What does the "below average" assessed value for the street mean?
While the home’s assessed value is below the average for Woodcrest Drive, it is around average for the wider Garden City area and Winnipeg. This could reflect the specific characteristics of nearby homes on the street (which may be larger, newer, or have more features) rather than an issue with this property itself.
2. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify the permits and compliance of the renovation with the city to understand its legal status and potential for rental income.
3. How does the lack of a garage affect parking and storage?
The property has no garage. Buyers should assess the driveway space for vehicle parking and consider the basement and home layout for alternative storage solutions. On-street parking availability should also be checked.
4. The home is older; what should I investigate?
As a home built in 1962, special attention during inspection should be paid to the roof, wiring, plumbing, and foundation. The recent basement renovation may have addressed some systems, but documentation should be reviewed.
5. Why is the living area considered above average locally?
The data shows the home’s living area ranks in the top 20% for Garden City. This means it offers more interior space than most comparable homes in the neighbourhood, which is a distinct advantage for daily living, even on a moderately sized lot.