Property Overview: 84 Teakwood Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained one-storey home on a quiet street offers a practical and comfortable living space. Its key appeal lies in its strong relative value within its immediate neighbourhood. With 1,257 sqft of living space and a renovated basement, the home provides ample room. The detached garage and a decently sized 5,261 sqft lot add to its utility.
The data reveals a compelling perspective: this property stands out locally more than it does across the wider city. Its assessed value ranks in the top 7% on its own street and top 26% in Garden City, suggesting it is considered a higher-quality asset in its specific area. Built in 1971, it is notably newer than most homes in Garden City (top 2%), which can mean fewer concerns with aging components common in older neighbourhoods. This combination makes it particularly suited for buyers seeking a move-in ready home in a stable, established community, who value being above the local average in terms of space, modernity, and perceived value. It’s an ideal fit for downsizers, small families, or first-time buyers looking for a single-level layout without compromising on room to grow.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value of $370k is significantly above the average for both Teakwood Avenue and the broader Garden City area, indicating it is a higher-tier property within this neighbourhood.
2. Is the lot size typical for the area?
The lot is slightly above average for the street but below the average lot size for Garden City as a whole. It offers a good balance of outdoor space without excessive maintenance.
3. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the details. This would be a key point to clarify with the seller or listing agent regarding the finish, permits, and intended use (e.g., additional living space, suite, storage).
4. The home sold in late 2020. What can that price tell me?
The sold price range from December 2020 provides a historical benchmark, but it reflects pre-pandemic market conditions. Its primary use is to show past market activity, not to determine current value, which is better reflected by its current assessment and recent comparable sales.
5. Given it was built in 1971, are there any common concerns for homes of that era?
While newer than most in Garden City, a 1971 build may still contain original components like plumbing, electrical, or windows that could be nearing the end of their service life. A thorough inspection is recommended to assess the condition of these elements.