606 Leila Avenue

Property Overview

This 1,040 sqft one-storey home at 606 Leila Avenue in Winnipeg's Garden City neighborhood presents a practical and value-conscious opportunity. Built in 1969, it sits on a notably generous 6,075 sqft lot for its street and area. The home features a renovated basement and a detached garage. Its assessed value and living space are consistently around the average for its immediate area, city-wide, and on Leila Avenue itself, suggesting a stable, mid-market proposition. A key, less obvious strength is its land area, which ranks in the top 17% on its street, offering above-average outdoor space or future expansion potential relative to many nearby properties.

Key Characteristics & Appeal

The appeal of this property lies in its balance and practicality. It is not an outlier in size or value, which can be an advantage for buyers seeking a home that aligns with neighborhood norms without overpaying for premium features. The renovated basement adds modern living space, while the detached garage and large lot are significant assets in a mature neighborhood. This home would suit first-time buyers, downsizers looking for single-level living, or value-focused investors seeking a stable rental property. Its "around average" metrics across the board suggest a lower risk of being over-assessed compared to more unique homes, making it a straightforward candidate for mortgage financing and insurance.

Frequently Asked Questions

1. Is the lot size a major advantage?
Yes. While the house itself is of average size for the area, the land parcel is larger than most on Leila Avenue (top 17%). This provides more private outdoor space, better potential for gardening, parking, or adding a structure like a shed, and could be a long-term asset for expansion.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, the status of moisture prevention, and whether it includes a legal secondary suite or additional living space like a family room or bedroom.

3. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes. The last recorded sale was in 2020 for an estimated $26.5k-$29.5k, and the current city-wide assessed value is noted as $35.60k. Market conditions, the home's condition, and buyer demand will determine the final sale price, which may differ significantly from both these figures.

4. Who might this property not suit?
It may not suit buyers looking for a move-in-ready home with all modern finishes, as the main level's condition isn't detailed. It's also a one-storey layout, which may not be ideal for families seeking more defined separation of living and sleeping areas. Those prioritizing a brand-new build or a very large interior footprint may find it too average.

5. Why is the Year Built ranking "Elite" for Garden City?
The data shows that for the Garden City area, a 1969 build year is in the top 5%. This indicates that much of the housing stock in this established neighborhood is older, making this home newer than the vast majority of its local peers—a subtle point of relative modernity.