Property Overview: 718 Leila Avenue, Garden City, Winnipeg
Key Characteristics & Appeal
This one-storey home on a generous 6,074 sqft lot presents a practical opportunity in Winnipeg's Garden City neighborhood. Built in 1969, its 960 sqft living area is modest but efficiently sized, and it features a renovated basement and a detached garage. The home’s assessed value is consistently around the average for its immediate street, wider area, and the city, suggesting a stable, mid-market investment.
The primary appeal lies in its land size and location. The lot is notably larger than many on Leila Avenue and in Garden City, offering valuable outdoor space and potential. While the house itself is smaller than area averages, this combination of a sizable yard with a renovated basement creates a balance of usable indoor and outdoor space. It would suit first-time buyers seeking an entry point into the market with room to grow, or value-conscious buyers who prioritize lot size over a large interior footprint. The property’s metrics indicate it’s not a standout in terms of size or assessed value, but rather a solid, grounded option where the land itself is a key asset.
Frequently Asked Questions
1. Is the sold price history provided accurate?
The listed sold price from May 2019 is a range based on public data. For the exact historical sold price, you can request it via email from the site; they provide this detail manually and state they do not use emails for unsolicited marketing.
2. How does the living area compare to nearby homes?
At 960 sqft, the living area is below the average for both Garden City and Winnipeg overall. However, on its specific street (Leila Avenue), it ranks in the top two-thirds, meaning it is closer to the norm for its direct neighbors.
3. What does the "Elite" ranking for Year Built in Garden City mean?
This indicates that, within the Garden City area, this home (built in 1969) is newer than about 95% of comparable properties. This is a relative strength for the neighborhood, even though the home itself is over 50 years old.
4. Is the assessed value a good indicator of the listing price?
The assessed value ($35.30k) is a municipal valuation for tax purposes and is typically far lower than market value. The provided comparisons show this assessment is around the middle of the pack locally and citywide, but it should not be confused with a current sale price.
5. What are the practical implications of the large lot size?
Ranking in the top 18% for land area on its street, the lot offers more privacy, yard space, and potential for additions, gardening, or outdoor living than many nearby properties. This is a distinct advantage that may not be immediately obvious from the home's square footage alone.