Property Overview: 75 Coralberry Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This 4-level split home, built in 1960, stands out for its above-average living space and a notably high assessed value within its immediate area. With 1,551 sqft of living area, it offers significantly more room than most comparable homes on its street and in the Garden City neighbourhood. The property sits on a 6,048 sqft lot, providing ample outdoor space. A key feature is the renovated basement, adding modernized living space without the upkeep of a pool or the expense of a built-in garage.
The primary appeal lies in its combination of space, a recent basement renovation, and its strong positional value. It ranks in the top 2% of homes on Coralberry Avenue for assessed value, suggesting it is a premium property on its block. This home would suit practical buyers looking for move-in-ready space in a well-established neighbourhood—ideal for a growing family needing room to spread out, or for someone who values a renovated lower level for a suite, home office, or recreation space. It’s a solid choice for those who prioritize indoor living area and modern updates over exterior features like a garage.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high compared to the street average?
The assessed value is in the top 2% for Coralberry Avenue, indicating that municipal assessment views this property as superior to most of its direct neighbours. This is likely due to the combination of its larger-than-average living area, the renovated basement, and overall property condition.
2. What does "4 Level Split" mean for daily living?
This style typically features multiple short flights of stairs separating living zones. It offers good separation of space—for example, bedrooms can be on a different level from the main living area—but may not be ideal for those seeking single-level living or with significant mobility concerns.
3. There's no garage. How is parking and storage handled?
The property has no built-in garage. Buyers should plan for driveway parking and consider the renovated basement as a partial offset for storage needs. The large lot may also allow for the future addition of a shed or garage, subject to local bylaws.
4. The home was built in 1960. What should I be aware of?
While the basement has been renovated, the core structure and major systems (like plumbing, electrical, and the roof) are over 60 years old. A thorough inspection is essential to understand the condition and potential future updates required for these original components.
5. How does the living area compare practically to newer homes?
At 1,551 sqft, the living area is generous for the neighbourhood. However, in a 4-level split, the square footage is distributed across multiple floors, which can feel different than an open-concept bungalow or two-storey with the same total area. Consider how the segmented layout matches your lifestyle.