Property Overview: 669 Garwood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home in Earl Grey presents a compelling blend of established character and modern practicality. Built in 1913, its key appeal lies in its above-average assessed value within a desirable neighbourhood, suggesting a well-maintained or updated property that stands out on its street. The living space (1,180 sq ft) is comfortably sized for the area, and the home features a renovated basement and a detached garage.
Its primary allure is for the buyer seeking a character home in a mature, central neighbourhood without sacrificing a sense of solid investment. The data indicates this property outperforms many peers in its immediate area on value, which could appeal to those looking for a home with proven equity or one that has already seen thoughtful improvements. It would suit a small family, a couple, or an investor attracted to Earl Grey’s established streetscapes and community feel. A thoughtful perspective is that while the lot size is smaller than the citywide average, it is typical for the inner-city neighbourhood, offering lower maintenance—a trade-off that many urban buyers actively prefer.
Section 2: Frequently Asked Questions
1. How does the recent sale price compare to the assessed value?
The home sold for $410,000 in August 2024, which is significantly higher than its $42,200 assessed value. It’s important to remember that municipal assessed value for taxes is not a market valuation; the sale price reflects current market conditions.
2. Is the home older than others in the area?
Yes. Built in 1913, it is notably older than many homes on Garwood Avenue, where the average year built is around 1938. This suggests a classic character home, and the high assessed value indicates it has likely been well cared for or updated over time.
3. What does the "above average" assessed value ranking mean?
The home’s assessed value ranks in the top 10% on its street and in Earl Grey. This generally means the municipality has assigned it a higher taxable value than most comparable nearby homes, often due to renovations, additions, or superior condition.
4. How does the living space compare to nearby homes?
At 1,180 sq ft, the living area is slightly above the average for Garwood Avenue (~1,049 sq ft) and just below the average for the broader Earl Grey neighbourhood (~1,206 sq ft). It offers a spacious footprint for the immediate area.
5. What is the significance of the lot size?
The lot is 2,706 sq ft, which is typical for Earl Grey but below the citywide average. This is common for central, established neighbourhoods and often means less yard maintenance. The detached garage is a valuable asset given the lot dimensions.