Property Summary: 481 Garlies Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1912, presents a practical opportunity in Winnipeg's Inkster-Faraday neighbourhood. With 966 sqft of living space and an unrenovated basement, its key appeal lies in its position as a straightforward, no-frills property. The home sits on a 3,007 sqft lot, which is notably larger than many on its street, offering valuable outdoor space relative to its immediate peers.
Its primary draw is affordability and simplicity. The assessed value is modest and in line with the local area, suggesting a lower entry point into the housing market. This property would suit a first-time buyer comfortable with a home that may require updates over time, or an investor looking for a rental property with a classic footprint. A less obvious perspective is its potential for someone who values a larger-than-average yard in this specific pocket of the city—a feature that becomes rarer in more central locations. It’s a home that makes few promises beyond solid basics, appealing to those who see potential in its foundational elements rather than immediate modern finishes.
Section 2: Frequently Asked Questions
1. What is the actual sold price history?
The available public data shows a sale in May 2021 for an estimated range of $10.50k to $13.50k. For the exact sale price, you can request the information directly via email from the listing source.
2. What does "basement not renovated" typically mean?
This indicates the basement is in functional, likely original condition. Buyers should budget for potential updates and anticipate it being suited for utilities and storage rather than finished living space without investment.
3. How does the assessed value compare?
At $20,500, the assessment is very close to the average for both Garlies Street and the wider Inkster-Faraday area. However, it is significantly below the citywide average, highlighting the neighbourhood's affordability.
4. Is the lot size a significant feature?
Yes. The land area is above average for the street, ranking in the top 13%. This provides more private outdoor space than many neighbouring properties, which is a key differentiator.
5. What should I know about the home's age?
Built in 1912, it is older than most homes on its street and in the city. Prospective buyers should prioritize a thorough inspection to understand the condition of aging components like wiring, plumbing, and the foundation.