Property Overview: 81 Teakwood Avenue, Garden City, Winnipeg
Key Characteristics & Appeal
This one-storey home on a mature, quiet street in Garden City presents a straightforward opportunity. Its key characteristic is its above-average living space (1,192 sq ft) for both the immediate street and the neighbourhood, offering more room than many comparable homes. The property sits on a decent-sized lot (over 5,200 sq ft) and includes a detached garage. Notably, the home has an unrenovated basement, indicating potential for future customization or value addition.
The appeal lies in its position as a practical, no-frills property. With a below-average assessed value for the area, it represents a potentially more accessible entry point into the Garden City neighbourhood. The home suits buyers looking for a solid, spacious bungalow to make their own—whether that’s a first-time homeowner comfortable with a property that needs updating, an investor seeking a rental with good living area, or someone looking for a long-term home where renovations can be done gradually to suit personal taste and budget.
A less obvious perspective is the value of its "averageness" in key metrics city-wide; it’s not an outlier, which can mean more predictable property taxes and market behaviour. Additionally, its older vintage (built 1957) and unrenovated state offer a clearer, blank-slate condition compared to a partially updated home with mixed-quality finishes.
Frequently Asked Questions
1. What does "unrenovated basement" typically mean?
It generally indicates the basement remains in its original or largely untouched condition. Buyers should anticipate older finishes, mechanical systems, and layout, and budget for any desired updates, from cosmetic improvements to potential foundational or moisture-proofing work.
2. Why is the assessed value below average for Garden City?
The assessed value is influenced by the home’s age, condition (including the unrenovated basement), and specific market factors. A below-average assessment for the neighbourhood can sometimes correlate with a lower purchase price, but it's not a direct guarantee.
3. How does the living area compare to nearby homes?
This home’s living area is in the top 19% on its own street and top 49% in Garden City, meaning it offers more interior space than many similar properties in the immediate vicinity, which is a significant advantage.
4. What are the implications of a detached garage?
A detached garage offers flexibility (e.g., use as a workshop without affecting the house) but means dealing with the elements when going between your car and home. It may also sit on a separate foundation, which is a separate maintenance consideration.
5. Where can I find the exact historical sold price?
The exact sold price is not publicly displayed in detail. The listing service offers to provide it manually via email upon request, with a commitment to respond by the end of the same business day without using your email for unsolicited marketing.