Property Overview: 98 Teakwood Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Teakwood Avenue is a practical and well-positioned property in Winnipeg's Garden City neighborhood. Built in 1958, it features 1,042 sqft of living space and sits on a 4,210 sqft lot, with a renovated basement and a detached garage.
Its primary appeal lies in its solid value and move-in readiness within a stable community. The home’s assessed value ranks above average for its street, suggesting it is a standout property on Teakwood Avenue. The renovated basement adds functional living space, a key asset. While the lot size is more compact compared to many in Garden City and citywide, this often translates to lower maintenance—a plus for many modern buyers.
This property would best suit first-time homebuyers, downsizers, or pragmatic investors looking for a manageable, updated home without the premium price tag of a larger lot. It’s for someone who values a renovated interior and a quiet neighborhood over expansive outdoor space. A less obvious perspective is that its "around average" size and citywide value metrics indicate a property insulated from market extremes, offering a balanced, lower-risk entry into homeownership.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the area?
The home’s assessed value is above average for Teakwood Avenue itself (top 20%) and around average for both the broader Garden City neighborhood and Winnipeg overall, indicating it is a strong performer on its immediate street.
2. Is the lot size a concern?
The lot is smaller than many in Garden City. This means less yard maintenance, which can be a benefit, but also less private outdoor space. It’s a trade-off that suits those prioritizing ease of upkeep.
3. What does "renovated basement" typically include here?
While exact finishes aren’t specified, in homes of this era a renovated basement usually means it is finished as livable space, potentially including recreation rooms, additional bedrooms, or a laundry area, adding significant functional square footage.
4. What is the historical price trend?
Public data shows it last sold in October 2021 for an estimated range of $355k-$385k. Its current assessed value is $352k. For precise historical sold prices, you can request the exact figures via email from the listing source.
5. Who are the most likely neighbors?
The immediate neighbors on Teakwood and nearby Bluebell Avenue are homes of very similar vintage (mid-1950s to early 1960s), suggesting a mature, established community with homes of comparable style and value.