Property Overview
This two-storey home at 587 Garwood Avenue in Winnipeg's Earl Grey neighbourhood presents a compelling blend of space, location, and established character. Its key appeal lies in its generous proportions relative to its surroundings. With over 2,000 square feet of living space, the home is significantly larger than most in the immediate area and ranks in the top tier locally for both interior space and its nearly 5,000 sqft lot. The basement has been renovated, adding to the functional space, and the property includes a detached garage.
The home would suit buyers looking for established neighbourhood charm without sacrificing room to grow. It's ideal for a family seeking more square footage and yard space than is typical in Earl Grey, or for someone who values a home that stands above the neighbourhood average in size and lot dimensions. Its 1954 build date is also newer than many area homes, potentially suggesting updates or a different layout style than much older stock. The appeal is one of relative value: acquiring a top-tier property in its micro-market, offering a sense of space and privacy that is uncommon on the street.
Frequently Asked Questions
How does the home's size compare to others nearby?
The living area is notably larger, ranking in the top 1% on Garwood Avenue and the top 3% in Earl Grey. It is approximately double the average living area of comparable homes on the street.
What is the significance of the assessed value?
The assessed value of $40.70k is above average for both the street and the Earl Grey neighbourhood. It's important to note that this is a value for taxation purposes; market sale price is determined by current conditions and buyer demand.
Is the lot size a major feature?
Yes. The land area ranks in the top 5% on Garwood Avenue, meaning the lot is substantially larger than most neighbours'. This offers greater outdoor space and potential.
The home was built in 1954. What should I consider?
While newer than the neighbourhood average (many homes date to the 1930s), a 70-year-old home will still require diligent inspection for its major systems, such as plumbing, electrical, and the roof, to understand its current condition and any upcoming needs.
What does the sale history indicate?
The property last sold in April 2021 for $370k. This provides a recent market benchmark, but the value today will be influenced by changes in the market, any improvements made since then, and current interest rates.