Property Overview: 610 Garwood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a classic one-and-three-quarter storey character property built in 1913, located in the established Earl Grey neighbourhood. With 1,140 square feet of living space and a renovated basement, it offers a practical footprint for a smaller household. Its primary appeal lies in its position within a mature, central community, offering a balance of character and practicality at a value-conscious price point.
The data reveals a nuanced story. While the living area is quite typical for similar homes on its street and in the area, the property sits on a smaller lot (2,530 sqft) and has a notably lower assessed value compared to the wider Winnipeg average. This suggests its value is driven more by location and the home itself than by land size. The renovated basement adds functional living space, a key update for a home of this era.
This property would best suit first-time buyers or downsizers seeking an entry into a stable neighbourhood without a premium price tag. It’s for those who appreciate older home charm and are comfortable with a property whose history is part of its character (it’s older than most on its block). The buyer should be more focused on interior livability and community than on having a large yard or a modern assessment value.
Section 2: Frequently Asked Questions
1. What does the assessed value indicate?
The assessed value is significantly below the citywide average for comparable homes. This typically reflects the home’s age, smaller lot size, and specific market dynamics of older, central neighbourhoods. It can represent a more accessible entry point, but it’s essential to understand market value may differ.
2. How does the lot size impact the property?
At 2,530 sqft, the lot is smaller than most in the area and city. This means lower maintenance, which can be a benefit, but offers limited space for expansion, large gardens, or extensive outdoor recreation.
3. What should I consider about the home’s age (1913)?
Built 113 years ago, this home is older than the majority in its immediate vicinity. This underscores the importance of a thorough inspection to understand the condition of original elements (like wiring and plumbing) and to verify the quality and permits for the basement renovation.
4. Is the living space sufficient?
At 1,140 sqft, it is slightly above average for similar homes on Garwood Avenue. With the renovated basement, it provides adequate space for a couple, small family, or individual, but may feel compact for those needing multiple large bedrooms or dedicated work-from-home areas.
5. How does it compare to nearby sales?
The home last sold in September 2021 for $27,500. This historical price, along with the current assessed value of $26.70k, provides a benchmark. However, direct comparison should be made with recent sales of similar character homes in Earl Grey for an accurate current market picture.