Property Overview: 447 Garlies Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1922, is a classic Winnipeg character property situated in the Inkster-Faraday neighbourhood. With 1,069 sqft of living space and a 3,001 sqft lot, its metrics are very typical for its immediate street and area, offering a comfortable, no-surprises footprint. Key features include a detached garage and a basement that is noted as being unrenovated, presenting a blank canvas for future projects.
The primary appeal lies in its position as a solid, entry-level home in a mature neighbourhood. Its assessed value is significantly below the citywide average, indicating a potentially accessible price point for buyers. It suits first-time homebuyers, practical investors, or those seeking a straightforward property without the premium of a modern renovation. A thoughtful perspective is the value of the unrenovated basement; while it requires work, it allows a new owner to customize the space to their needs without first paying for or undoing someone else’s finished project. The home’s age and average rankings suggest it’s a stable, known quantity in its local market rather than a standout, which can be an advantage for buyers seeking predictability and avoiding bidding wars.
Section 2: Frequently Asked Questions
1. What is the likely price range for this home?
Based on available data, the last recorded sale was in September 2017 for an estimated $18.5k to $21.5k. The current assessed value is $18,600. Any listing price would be determined by the current market, but these figures provide a strong historical baseline.
2. What does "basement not renovated" imply?
It means the basement is in a functional, utilitarian state, likely with unfinished walls and concrete floors. It’s usable for storage and mechanicals but would require investment to become a finished living space. This can be a cost-saving feature if you don’t need the space immediately.
3. How does this home compare to others nearby?
The home is consistently around the average for its street and the Inkster-Faraday area in terms of size, lot, and value. It is not an outlier, meaning the neighbourhood offers many similar properties, which can help in making a comparative market analysis.
4. Is the detached garage a standard feature here?
For homes of this era and style in Winnipeg, a detached garage is common. It provides useful storage or parking separate from the house.
5. Why is the citywide assessed value average so much higher?
The citywide average (shown as ~$390k) includes all property types across Winnipeg, from new suburban homes to luxury estates. This home’s assessed value is much more aligned with the averages within its own neighbourhood and street, reflecting its specific market segment.