Property Overview
This one-storey home at 78 Laurel Bay in Winnipeg's Garden City neighborhood presents a specific and appealing value proposition. Its key characteristic is the generous 9,514 sqft lot, which is exceptionally large for the area, ranking in the top 3% of Garden City. The house itself is more modest, with 1,098 sqft of living space, which is below average for its immediate street but around the citywide norm. It features a renovated basement and a detached garage. Built in 1968, the home sits on a lot that offers significant outdoor space and potential, while the structure represents a manageable, single-level footprint.
Section 1: Appeal & Suitability
The primary appeal of this property lies in its land. The lot size is a standout feature, offering rare space for gardening, recreation, expansion, or future development in a well-established neighborhood. The renovated basement adds functional living space, and the single-storey layout is ideal for easy living or aging in place. Its assessed value is strong for Garden City, suggesting good value retention in the area.
This home would best suit buyers who prioritize land over a large house. It's an excellent match for first-time buyers or downsizers seeking a manageable home with a huge yard, or for long-term owners who see the lot's inherent value and potential. It may also appeal to value-conscious buyers looking in Garden City, where the house offers a solid foundation and the lot provides a unique premium.
Section 2: Frequently Asked Questions
1. Is the lot size unusual for this area?
Yes. The property's lot is approximately 50% larger than the average for both Garden City and Winnipeg overall, placing it in the elite tier for land area locally.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or agent to understand the finish quality, layout, and if it includes a separate entrance or legal suite potential.
3. How does the home's size compare to others?
The living space is slightly below average for houses on Laurel Bay itself but is around the average size when compared to all homes across Winnipeg. It's a compact, efficient layout.
4. What is the significance of the assessed value being "above average" for Garden City?
This indicates that, according to municipal assessment, this property holds a higher value relative to most homes in the Garden City community, which can be a positive indicator of its perceived market value and appeal within that specific area.
5. Can the detached garage be developed or rebuilt?
Given the substantial lot size, there may be flexibility for upgrading the garage or adding other structures, subject to local zoning bylaws. The large lot is the key asset that makes such future projects more feasible here than on a standard parcel.