Property Overview: 674 Garwood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Garwood Avenue in Earl Grey presents a practical and renovated living space. With 882 square feet of living area and a recently updated basement, it offers a manageable footprint that is competitively sized for its immediate street and neighbourhood. The 1924 build date places it among the area's established character homes, and its lot size is consistent with local norms.
The primary appeal lies in its position as a solid, average-performing property within a desirable established neighbourhood. Its assessed value is firmly in the middle range for the area, suggesting a home that is well-maintained and in line with community standards without being over-improved. This isn't a standout luxury property, but rather a grounded, no-surprises home in a good location.
It would suit first-time buyers or downsizers seeking an entry into the Earl Grey area without a premium price tag. It's also a sensible fit for pragmatic investors or owners who value a renovated basement for extra living space or rental potential and prefer the simplicity of a single-level layout. A less obvious perspective is that its "average" metrics across the board can be a strength, indicating lower risk and a stable investment in a neighbourhood that outperforms the citywide averages for similar homes.
Section 2: Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 882 sqft, the living area is slightly below the average for both Earl Grey and Winnipeg overall, but is very close to the average for homes directly on Garwood Avenue. It offers a compact, efficient layout.
2. What does the assessed value tell us about the property?
The assessed value of $30,800k is consistently around the average for its street, neighbourhood, and even citywide for comparable properties. This indicates the home is accurately valued according to market norms and is not an outlier.
3. Is the age of the home (built in 1924) a concern?
The home is older than most in the city, but is typical for the Earl Grey area. Any major systems or the roof may need consideration due to age, but the data shows the home has been renovated, particularly the basement.
4. What are the outdoor spaces like?
The lot is 3,324 sqft, which is standard for the street and neighbourhood but below the much larger citywide average. This means a manageable yard for maintenance, consistent with the community's established feel.
5. Are there any notable features or lacks?
The listing confirms a renovated basement, adding valuable living space. It also notes there is no garage or pool. The home provides essential, updated space rather than premium amenities.