Property Summary: 62 Laurel Bay, Garden City, Winnipeg
Key Characteristics & Appeal
This two-storey home on Laurel Bay is a standout property in its neighbourhood, primarily due to its generous proportions and established value. Its most notable feature is the living space: at 2,457 sqft, it ranks in the top 2-3% for size both on its street and in the wider Garden City area, offering significantly more room than comparable local homes. Built in 1972, it is also among the newer homes in this mature community. The property includes an attached garage and a renovated basement, sitting on a well-sized lot of just over 6,000 sqft.
The appeal lies in securing a spacious, above-average home in a settled neighbourhood without the premium often associated with newer subdivisions. It suits buyers who prioritize interior space over a massive yard and who appreciate the character and stability of an established area like Garden City. The strong assessed value, ranking in the top 1% locally, indicates a property that has been maintained and valued well above its peers. This home would be an excellent fit for a growing family needing ample room or for someone looking for a substantial property with a proven history of value retention in Winnipeg.
Frequently Asked Questions
1. How does the sold price history work?
The listed sold price is a range based on available public data. To obtain the exact historical sale price, you can submit a request via email on the site. This is done manually to ensure accuracy, with a reply typically provided by the end of the same business day.
2. What do the "Elite" and "Top X%" rankings mean?
These rankings compare this specific property against similar homes in three categories: its immediate street, the Garden City area, and city-wide Winnipeg. An "Elite" or high percentile ranking means the home performs better than the stated percentage of peers for that metric (e.g., size, assessed value). For example, ranking in the "Top 2%" for living area means it is larger than 98% of comparable homes on its street.
3. The city-wide assessed value ranking is "Top 15%," but the local ones are higher. Why?
This shows the property is exceptionally valued within its own neighbourhood and area (top 1-2%), which is often more important for local market dynamics. The city-wide comparison includes a much broader and more varied range of properties, so while still above average, the ranking naturally adjusts within the full market context.
4. Is the land size a drawback?
The lot is approximately 6,043 sqft, which is slightly below the average for the street but remains above the city-wide average. It represents a balanced offering: a very spacious home on a manageable yard, which may appeal to those who prefer less exterior maintenance without compromising on interior living space.
5. What is included with the "renovated basement"?
The listing confirms the basement is renovated, but the specific details, finishes, and whether it includes a legal suite or additional bedrooms would require confirmation through a viewing or direct inquiry with the listing agent. It signifies updated living space below grade, adding to the home's functional square footage.