Property Overview: 754 Garwood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1912 on a standard city lot in the established Earl Grey neighbourhood. With 744 sqft of living space, it is notably smaller than most homes in the area and citywide, placing it in the lower percentiles for size. Its assessed value is significantly below local and city averages, reflecting its modest scale and vintage.
The primary appeal lies in its position as a true entry-point into a desirable neighbourhood. It suits a specific buyer: someone seeking affordability and location over square footage, such as a first-time homebuyer, an investor looking for a rental property, or a downsizer comfortable with a cozy footprint. The detached garage adds practical value. A thoughtful perspective is that this property represents the "bones" of Earl Grey—offering a chance to live in the community while potentially adding value through updates or an expansion over time, on a lot that is average for the street.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is primarily based on the home's relatively small size (744 sqft) and its age. It is consistently ranked in the lower tiers for value compared to nearby homes, which are typically larger and more modern.
2. What should I know about the home's size and layout?
At 744 sqft, this is a compact one-storey plan. Buyers should be prepared for efficient living spaces and consider if the layout meets their needs for privacy and storage, as it is smaller than over 90% of homes citywide.
3. Is the land size suitable for future expansion?
The lot is approximately 2,531 sqft, which is around average for Garwood Avenue but below the neighbourhood and city averages. While not oversized, it may allow for a thoughtful addition or landscaping, subject to local zoning regulations.
4. How does the 1912 build year affect the property?
As a home built in 1912, it is older than most in the city. This typically means potential for character but also necessitates a thorough inspection for the condition of foundational systems, wiring, and plumbing.
5. How does it compare to other homes in Earl Grey?
This home is smaller, older, and has a lower assessed value than the typical Earl Grey property. It is a more affordable option in the neighbourhood, comparable in value to some newer townhomes in other parts of the city, but offers a detached home on its own lot.