Property Overview: 55 Lincrest Road, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Garden City is a practical and renovated property built in 1962. Its key characteristic is value, with an assessed value notably below the averages for both its street and neighbourhood, suggesting a potentially accessible entry point. The 1,163 sqft living space is compact and efficient, while the 5,500 sqft lot provides ample outdoor space. A significant feature is the renovated basement, which adds functional living area. The home lacks a pool but includes a detached garage.
Its appeal lies in its grounded affordability within a well-established area. The completed basement renovation offers immediate move-in readiness and extra flexibility for a family, a home office, or a recreational space. It suits first-time buyers seeking a solid starter home with recent updates, or downsizers looking for a manageable single-level layout without sacrificing yard space. A thoughtful perspective is that its "below average" metrics for the immediate area could represent a chance to enter a stable neighbourhood at a relative value, with the renovated basement already addressing a common project for homes of this era.
Section 2: Frequently Asked Questions
1. What does the "below average" assessed value mean for a buyer?
It indicates the city's assessment for tax purposes is lower than many comparable homes nearby. This can mean relatively lower property taxes, but the market sale price is determined by current conditions and buyer competition.
2. Is the renovated basement a legal suite?
The provided details confirm the basement is renovated but do not specify if it is a legal, separate suite. This is a crucial point to verify with the listing agent and city records, as it impacts value, insurance, and permitted use.
3. How does the living space size feel for a family?
At 1,163 sqft above ground, the living area is compact. However, the renovated basement effectively doubles the usable space, making it more functional for a family than the main floor square footage alone might suggest.
4. What are the implications of a detached garage?
A detached garage offers flexibility for a workshop or project space separate from the house. Buyers should consider the convenience of accessing it in Winnipeg winters compared to an attached garage.
5. Where can I find the exact historical sale price?
The exact sold price from its last transaction (May 2022) is not publicly displayed in this summary. You can request the precise figure via the email prompt provided on the property page.