Property Overview: 60 Arrowwood Drive N, Garden City, Winnipeg
Key Characteristics & Buyer Appeal
This one-storey home, built in 1959, presents a practical opportunity in Winnipeg's Garden City neighborhood. Its key appeal lies in a balance of space and value. The 1,063 sqft living area is modest for the immediate street and area, but the 6,048 sqft lot is notably larger than many city and local comparables, offering valuable outdoor space or future expansion potential. A recently renovated basement adds functional living space. The home features a detached garage.
Its assessed value sits below average for the street and Garden City, which may indicate a value-conscious entry point into a stable neighborhood. This property would suit first-time buyers or downsizers seeking a manageable single-level layout with a generous yard. It also appeals to the practical investor or homeowner who sees potential in the land size and already-improved basement, valuing substance over sheer square footage in the main floor living area.
Frequently Asked Questions
1. Is the living space too small?
While the above-ground living area is below the local average, the renovated basement significantly expands the usable space. The layout may be efficient for those who prioritize lower maintenance and heating costs.
2. What does the assessed value tell us about the price?
The assessed value is a municipal tool for calculating property tax, not a market valuation. That it's below many nearby comparables can sometimes suggest a more affordable entry point, but the final sale price is determined by current market conditions.
3. How does the large lot size benefit a buyer?
Beyond gardening or recreation, a larger lot in an established neighborhood like Garden City offers a rarity that can provide better privacy, room for additions like a shed or deck, and potentially holds longer-term value as surrounding properties are typically smaller.
4. What are the considerations with a home from 1959?
While the basement has been renovated, a home of this age may have original components, like windows, plumbing, or electrical systems, that require inspection and potential updating. This is typical for the area and often reflected in the home's positioning.
5. How can I find out what it actually sold for in the past?
The website provides estimated past sale price ranges from public data. For the exact historical sold price, you can submit an email request directly through the listing page; they provide this detail manually without using your email for marketing.