Property Overview: 657 Garwood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home in the established Earl Grey neighbourhood presents a classic Winnipeg character property built in 1913. With 1,120 sqft of living space and a 2,707 sqft lot, its metrics are very typical for its immediate street and area, offering a manageable size for a variety of buyers. The home features a detached garage and a basement that is noted as not being renovated, presenting potential for future customization.
Its primary appeal lies in its location within a sought-after neighbourhood and its position as a solid, average-sized home on its block—a blank canvas for someone not looking for a recently flipped property. It would suit a first-time buyer or a practical-minded investor comfortable with a home of this vintage. The recent sale price suggests it was seen as a value proposition, likely appealing to those who prioritize location over move-in-ready perfection and who see the charm and potential in a century-old home. A thoughtful perspective is that while its city-wide rankings for lot size and year built are below average, this is precisely what defines many desirable, mature neighbourhoods; you’re trading sheer square footage for established community character.
Section 2: Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean for this home?
This is a common architectural style for Winnipeg homes of this era. It typically means the second floor has slightly less floor area than the main floor, often with sloped ceilings or dormer windows, creating a cozy, character-filled upper level.
2. The basement is noted as "not renovated." What should I expect?
You should anticipate a functional but unfinished or partly finished basement reflective of the home's age. It likely has utility space and storage but would require investment to modernize or create additional living space. An inspection is crucial to assess its condition.
3. How does the assessed value relate to the recent sale price?
The assessed value for taxation purposes ($27,300) is significantly lower than the recent sale price ($270,000). This is normal; municipal assessments are not market valuations. The sale price is the true indicator of current market value.
4. The home is over 110 years old. What are the key considerations?
While offering charm, a home from 1913 requires attention to aging components. A thorough inspection should focus on the foundation, original plumbing and electrical systems, insulation, and the roof. Budgeting for maintenance and updates is essential.
5. The lot size is below the city-wide average. Is that a drawback?
Not necessarily in this context. The lot is quite standard for Earl Grey and offers a decent yard for an inner-city neighbourhood. It provides outdoor space without the extensive maintenance of a larger lot, which can be a practical advantage.