Property Overview
This one-storey home at 85 Garton Avenue in Inkster Gardens presents a practical and affordable entry point into the Winnipeg market. Built in 1983, the 1,040 sqft house sits on a 4,098 sqft lot and features a renovated basement and a detached garage. Its assessed value is notably below the neighbourhood average, positioning it as a value-conscious option. The home’s appeal lies in its functional layout, updated lower level, and its standing as a relatively average-sized property for its immediate street, offering a sense of consistency within the local context. It would suit first-time buyers, investors looking for a rental property, or downsizers seeking a manageable, single-level living space without a premium price tag. A thoughtful perspective for buyers is to consider the below-average assessment not just as a discount, but as a potential for future value growth as renovations and market trends catch up to the area average.
Frequently Asked Questions
1. How does this home’s size compare to others in the area?
At 1,040 sqft, the living area is slightly below the average for the broader Inkster Gardens neighbourhood but is quite typical for homes directly on Garton Avenue itself.
2. What does the below-average assessed value indicate?
The assessed value is lower than many homes in Inkster Gardens. This can mean a relatively lower property tax burden and may present an opportunity for equity growth through updates, but it’s wise to investigate the specific reasons during a viewing.
3. Is the basement renovation reflected in the assessment?
The listing notes a renovated basement, but the assessed value remains below the neighbourhood average. This suggests the assessment may not fully capture recent improvements, which could be a positive point for a buyer.
4. What is the significance of the sold price history from 2022?
The home sold in late 2022 for between $41.5k and $44.5k, which was above its assessed value at the time. This indicates the market has recently valued the property higher than the city’s assessment, a useful data point for offer consideration.
5. What are the implications of the detached garage and lot size?
The detached garage offers flexible storage or workshop space. The lot size is average for the street and neighbourhood but below the city-wide average, which is typical for this area and results in lower maintenance.