Property Summary: 76 Coralberry Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Garden City is a practical and grounded offering, built in 1960. Its key characteristics include 1,076 sqft of living space, a renovated basement, a detached garage, and a notably generous 6,048 sqft lot. The home's assessed value is in line with area averages.
The primary appeal lies in its balance of space and location. While the living area is modest, the large lot is a significant asset, offering ample outdoor space for gardening, play, or future expansion—a feature that stands out both on its street and citywide. The renovated basement adds functional living space. Its recent sale history suggests stable value in the neighbourhood.
This property would suit first-time buyers or downsizers looking for a manageable, single-level layout in a established community. It’s also a sensible fit for a buyer who prioritizes land size over a large interior footprint, seeing potential in the outdoor space or the value of a basement that’s already been updated.
Section 2: Frequently Asked Questions
1. How does this home compare in size to others nearby?
The living area is slightly below the average for Garden City, but the land size is significantly larger than many city-wide properties, ranking in the top 30%.
2. What does the sold price history indicate?
The home sold in 2022 and again in 2023. The increase in sale price range between those transactions suggests the market has recognized its value, though it remains priced accessibly within the area.
3. Is the assessed value a reliable indicator of the listing price?
Not directly. The assessed value for municipal taxes is $34.50k, but recent sale prices were in the $33.5k–$42.5k range. Market conditions and property improvements typically set the sale price.
4. What are the less obvious considerations for a home built in 1960?
While the basement is renovated, a home of this age may have original major systems (like plumbing or electrical) that warrant inspection. Conversely, its older construction often means a sturdier build and a more mature neighbourhood landscape.
5. Who are the most likely competing buyers?
Given its profile, competition may come from practical buyers seeking a turn-key basement and a large yard, rather than investors or those looking for a premium, modern interior. Its one-storey design makes it particularly attractive for those planning for long-term accessibility.