667 Garwood Avenue

Property Overview

This one-and-three-quarter storey home on Garwood Avenue in Earl Grey presents a classic Winnipeg character home opportunity. Built in 1913, it offers 1,200 sqft of living space on a 2,706 sqft lot. The home features a basement, but it is noted as not renovated, and there is no garage or pool. Its assessed value is notably above average for both the street and the neighbourhood. The appeal lies in its established location, the charm of a historic home, and a solid assessment that suggests good value within its immediate area. It would suit a buyer looking for a project-in-waiting—someone comfortable with a home that has untouched original spaces (like the basement) and who values the architectural character of an older home over modern, move-in-ready finishes. A less obvious perspective is that its smaller lot size, while below the city average, is typical for the central neighbourhood, offering lower maintenance and a more community-focused streetscape.

Frequently Asked Questions

What does "one-and-three-quarter storey" mean?
This is a common architectural style for Winnipeg homes of this era. It typically means the second floor has sloped ceilings following the roofline, with full-height walls only in the centre of the rooms, creating cozy, character-filled bedrooms.

How significant is the unrenovated basement?
This indicates the basement remains in its original or older state. Buyers should budget for potential updates to insulation, flooring, or mechanical systems and plan for a professional inspection to understand the scope.

The assessed value seems high for a 1913 home. Why?
The assessment is above average for both Garwood Avenue and Earl Grey, suggesting the property holds significant value due to its location, lot, and the living space it offers compared to immediate peers, despite its age.

Is the smaller lot a drawback?
While the lot is below the citywide average, it is around average for Earl Grey. This can mean less yard upkeep and a more neighbourhood-oriented feel, but it offers less space for expansions like a large addition or detached garage.

What can the 2020 sale price tell me?
The home sold for $31,500 in September 2020. This historical price point, significantly lower than the current assessed value, is useful for understanding market trends and the property's transaction history, but does not reflect its current market value.