Property Overview: 56 Verbena Street, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Garden City presents a compelling blend of space, value, and established neighborhood charm. Its key characteristics include a generous 1,434 sqft living area, a fully renovated basement, and a detached garage, all situated on a notably large 7,578 sqft lot. The home was built in 1965.
The appeal lies in its strong positional value. The property consistently ranks in the top tier for its street and neighborhood in terms of lot size, living area, and assessed value, meaning you get more physical space and perceived value than many nearby peers. The renovated basement adds immediate functional living space without the need for initial projects.
This home would suit practical buyers looking for a move-in-ready property with room to grow, both inside and out. It’s ideal for small families seeking yard space, or for those who value the single-level layout and the potential that a large lot offers for future gardening, expansion, or simply added privacy in a city setting. It represents a solid, above-average offering within its immediate community.
Section 2: Frequently Asked Questions
1. How does this property compare to others in the area?
The data shows this home is consistently above average for Garden City, particularly in lot size (top 9% locally) and living space (top 20%). It offers more interior and exterior space than most comparable homes nearby.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specifics on finish quality, layout, and permits should be verified by your real estate agent during a viewing and through the seller's disclosure.
3. Is the large lot a benefit for future expansion?
Potentially, yes. The lot size is a significant asset. While subject to local zoning bylaws, the generous dimensions could allow for additions like a larger garage, a garden suite, or an extension to the main house, providing long-term flexibility.
4. What are the implications of the 1965 build year?
While the home is well-maintained, a house of this age will have core components (like roof, windows, plumbing) that are likely original or nearing their lifespan. A thorough inspection is crucial to budget for any upcoming maintenance, though the recent basement renovation is a positive update.
5. The assessed value seems high for the street but average citywide. Why?
The assessed value is used for property tax calculation and is influenced by recent sales and home improvements. Its high rank on the street suggests it's one of the most valuable properties on Verbena, likely due to its size and updates. Its citywide average ranking indicates it aligns with a broad mid-range market value in Winnipeg, offering a premium local product at a median city price.