Property Overview: 59 Buttercup Avenue, Garden City, Winnipeg
Key Characteristics & Buyer Profile
This one-storey home, built in 1959, presents a practical and straightforward opportunity in Winnipeg's Garden City neighborhood. Its key characteristics are defined by solid averages, offering stability rather than standout extremes. The 1,090 sqft living area is modest but typical for the immediate area, and it benefits from a renovated basement, adding functional space. The detached garage and a land size just under 5,500 sqft provide essential suburban utility. The home’s assessed value is consistently around the median for its local context, suggesting it is priced in line with market expectations for the area.
The appeal lies in its role as a manageable, no-surprises property in an established community. It suits first-time buyers seeking an entry point into homeownership without the premium of a newer build, or downsizers looking for a single-level layout with baseline updates. A thoughtful perspective is that its very "averageness" in metrics like size and value can be an asset, indicating lower risk of overpaying relative to the neighborhood and a predictable cost structure. The renovated basement is a key functional upgrade that adds flexible living space, enhancing the home's livability beyond its original footprint.
Frequently Asked Questions
1. How does the property's value compare to recent sales?
It last sold between $295,000 and $325,000 in late 2021. Its current assessed value of $352,000 is broadly in line with area averages, suggesting steady, moderate market appreciation since that last sale.
2. Is the lot size a disadvantage?
At 5,473 sqft, the lot is below average for Garden City but close to the city-wide median. It offers standard backyard space for a family home—sufficient for gardening and recreation, but not for extensive additions or sprawling landscapes.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, and whether it includes added bedrooms, a legal suite, or simply finished living space.
4. Given its 1959 construction, what should I be concerned about?
While the basement has been updated, a home of this age may still have original major components like plumbing, electrical, windows, or the roof. A thorough inspection is essential to understand the condition and timeline for potential updates.
5. How does this home rank for livable space in the area?
With 1,090 sqft of living area (plus the basement), it ranks in the middle of the pack locally—neither particularly spacious nor cramped for the neighborhood. It offers typical space for a bungalow of its era, with the basement renovation effectively increasing the usable square footage.