Property Overview: 751 Garwood Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home at 751 Garwood Avenue in Earl Grey presents a compelling mix of modern convenience and established neighbourhood character. Its primary appeal lies in being a significantly newer construction (built in 2017) within a mature area, offering move-in readiness with a renovated basement and avoiding the immediate maintenance concerns common with century-old homes nearby.
The 1,300 sqft living space is notably above average for Garwood Avenue and Earl Grey, providing comfortable room for a small family or professionals. A key, less obvious strength is its elite assessed value ranking within the immediate area, suggesting strong intrinsic value and investment potential relative to its neighbours. The detached garage adds practical utility.
However, the property sits on a below-average land area for the street and city, which means larger outdoor spaces or expansion potential may be limited. This home would best suit buyers who prioritize a modern, low-maintenance interior in a sought-after neighbourhood over a large yard. It’s ideal for those looking for a turnkey property with recent updates, or for investors attracted by its high assessed value percentile in a stable community.
Frequently Asked Questions
1. How does the modern build date (2017) affect living costs compared to older homes in Earl Grey?
You can likely expect greater energy efficiency and lower immediate repair costs than neighbourhood homes averaging 80+ years older, potentially offsetting the premium for newer construction.
2. The land area is noted as below average. How does this impact the property?
The yard space is more compact than many in the area. This translates to less gardening or play area but also means lower exterior maintenance. It emphasizes the property’s focus on interior living space.
3. The assessed value is in the top 5% for the street. What does this indicate?
This typically reflects the combination of the new build, renovations, and desirable location. It suggests strong value retention but also means property taxes will be calibrated to this higher assessment.
4. Is the detached garage a standard feature for the area?
In a neighbourhood with many older homes, a detached garage is a valuable asset. It provides secure storage and parking, which isn’t guaranteed with all heritage-area properties.
5. The home sold previously in 2017 and 2020. Is that a concern?
The sales align with the build year and a subsequent resale, which is common for newer constructions. It doesn’t indicate unusual turnover but suggests the market has consistently valued the property.