Property Overview: 92 Teakwood Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Garden City is a practical and straightforward property built in 1958. With 1,016 sqft of living space and a renovated basement, it offers functional living on a 4,736 sqft lot, complemented by a detached garage. The appeal here is grounded in value and stability. While its living space is modest compared to area averages, its assessed value is consistently "around average" for its street, neighbourhood, and city-wide, suggesting it is priced appropriately within the market.
This home would suit first-time buyers or downsizers looking for an entry point into a established neighbourhood without a premium price tag. Its renovated basement adds usable space, a key asset for a home of this size. A thoughtful perspective for a buyer is to consider the lot size: while below the Garden City average, it is typical for Teakwood Avenue itself, indicating the character of the street. This isn't a sprawling property, but it represents a manageable outdoor space. The detached garage also presents potential for a workshop or extra storage, adding flexible utility.
Section 2: Frequently Asked Questions
1. How does this home's size compare to others in the area?
At 1,016 sqft, the living area is below the average for both Garden City and Winnipeg overall. However, it is more in line with, though still slightly below, the average for other homes on Teakwood Avenue itself.
2. What does the "around average" assessed value mean?
The home's assessed value of $33.60k ranks it in the middle ranges compared to similar properties on its street, in Garden City, and across Winnipeg. This indicates it is not unusually high or low for the market, providing a stable baseline for valuation.
3. Has this home been sold recently?
Yes, according to available data, it was sold in November 2022. The exact sale price is not publicly listed, but the provided range can be used as a general reference point for recent market activity.
4. What are the potential considerations for a home built in 1958?
While the basement has been renovated, the core structure and major systems (like plumbing, electrical, or the roof) are nearly 70 years old. A thorough inspection is advised to understand the condition and potential future maintenance needs typical for a home of this era.
5. How does the lot size impact the property?
The lot is 4,736 sqft, which is smaller than the broader Garden City average but typical for Teakwood Avenue. This means smaller yard maintenance but may also limit expansion possibilities. The upside is the presence of a detached garage, which adds functional value to the property.