Property Overview: 639 Garwood Avenue, Winnipeg
Key Characteristics & Appeal
This home at 639 Garwood Avenue in Earl Grey is a classic one-and-a-half storey house built in 1911, presenting a straightforward opportunity in a well-regarded neighbourhood. Its key characteristics include 921 sqft of living space, an unrenovated basement, a detached garage, and a 2,459 sqft lot.
The primary appeal lies in its position as an entry point into the established Earl Grey community. The home’s assessed value is notably below average for the area, which could attract buyers looking for a lower initial investment or those with a renovation budget. It suits practical first-time buyers who value location over move-in-ready condition, or investors seeking a character property with potential. A less obvious perspective is that its smaller lot and modest size, while below area averages, translate to lower maintenance demands—a potential draw for those seeking a simpler footprint in a central neighbourhood. The data suggests it’s a home that offers more in location than in current specifications, appealing to those who see value in what can be added or improved.
Frequently Asked Questions
1. What does "below average" in the rankings actually mean for this home?
The rankings show that compared to similar homes on its street, in Earl Grey, and citywide, this property is consistently below average in size, lot dimensions, and assessed value. This indicates it’s a more modest property in its peer group, which is often reflected in its price.
2. Is the low assessed value a concern?
Not necessarily. A lower assessed value relative to the area typically results in lower property taxes, which is a financial positive. It generally reflects the home’s more modest specifications and unrenovated state rather than a problem with the property itself.
3. Who would this property not be suitable for?
It would likely not suit buyers seeking a large, modern, or turn-key home without project work. Families requiring significant space or those unwilling to consider future renovations to the basement or other areas may find it too limited.
4. The home sold recently in February 2025. What does that indicate?
The recent sale provides a very current and concrete market value benchmark (sold for $265,000), which is more relevant than the older assessed value for understanding its worth in today’s market.
5. How does this home compare to the reference property at 691 Dudley Avenue?
The listed reference property (691 Dudley) is a newer build (2016) with a higher assessed value but slightly less living space. This highlights a key trade-off: 639 Garwood offers an older character home in the same neighbourhood at a lower tax value, while newer builds command a premium.