Property Overview: 617 Garwood Avenue, Winnipeg
Key Characteristics & Appeal
This home is a compact, one-and-three-quarter storey character property built in 1906, located in the established Earl Grey neighbourhood. With 942 square feet of living space and a recently renovated basement, it offers a practical footprint for efficient living. The lot size of 2,460 sqft is modest for the area, suggesting lower maintenance and a more urban feel.
Its primary appeal lies in its location within a desirable, central community and its position as a relatively affordable entry point into the market. The data shows its assessed value is around average for both its street and the Earl Grey area, but notably below the city-wide average, indicating value within its specific context. A thoughtful perspective is that this home represents a "right-sized" opportunity: it avoids the premium for excess space or land, potentially appealing to those who prioritize location and character over square footage. It would suit first-time buyers, downsizers, or investors seeking a character home with modernized basics (the renovated basement) in a prime neighbourhood, without the upkeep of a larger property.
Frequently Asked Questions
1. Is this a small house?
Yes, at 942 sqft, the living area is below the average for both the Earl Grey neighbourhood and Winnipeg overall. It's a compact, character home.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key detail to clarify with the seller or listing agent.
3. How does the assessed value relate to the likely sale price?
The home last sold in August 2023 for $32,100, and its current assessed value is $29,500. Sale price is determined by the market, but this history provides a recent benchmark.
4. Are there any concerns with a 120-year-old house?
While offering character, a home from 1906 will likely have older systems (plumbing, electrical, foundation) that require careful inspection. Its age ranks it among the oldest on its street.
5. What are the benefits of a smaller lot?
The 2,460 sqft lot is smaller than most in the area. This typically means less yard maintenance and lower exterior costs, but also less private outdoor space.