Property Overview: 393 Garlies Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1941, is a practical and character-filled property in the Inkster-Faraday neighbourhood. With 1,028 sqft of living space and a renovated basement, it offers functional living on a 3,001 sqft lot with a detached garage. Its appeal lies in its solid positioning as a well-maintained, no-fuss home in an established area. The data shows it is consistently around or above average for its immediate street and neighbourhood in terms of living space, assessed value, and lot size, suggesting it’s a stable and representative property for the community. Notably, it is newer than many homes on its street, which can be an advantage for maintenance.
This home would suit first-time buyers or practical investors looking for an honest, move-in-ready property without premium city-wide pricing. It’s for someone who values neighbourhood consistency over a standout lot size or square footage, and who appreciates the character and potential simplicity of a home from the 1940s with modernized below-ground space.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the rest of Winnipeg?
The assessed value is significantly below the Winnipeg city-wide average, placing it in the top 91% (meaning only 9% of homes city-wide have a lower assessment). This highlights the neighbourhood's affordability compared to the broader market.
2. Is the living space considered small?
Within its own Inkster-Faraday neighbourhood and on Garlies Street itself, the living area is very close to the local average. It feels typical for the area, though it is below the much larger city-wide average for homes.
3. What does “renovated basement” typically mean for a home of this age?
While specifics require a viewing, in a 1941 home this often indicates foundational updates like moisture management, improved insulation, electrical updates, and finished living space—adding valuable functional area to the main floor footprint.
4. The home was last sold in 2017. What can the price range tell us?
The sold price range from 2017 provides a historical benchmark, but it should be considered in the context of significant market changes over the past eight years. It’s a useful data point for understanding long-term holding patterns rather than setting a current price expectation.
5. How does the year built (1941) affect this property?
At 85 years old, it’s actually newer than most homes on its street, which average a 1930 build year. This relative advantage can sometimes mean updated core systems or construction methods compared to immediate neighbours, though a thorough inspection is always recommended.