Property Overview: 775 Garwood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Earl Grey presents a practical opportunity in a well-regarded neighbourhood. With 864 sqft of living space, it is notably compact compared to area averages, suggesting a home focused on essentials rather than expansiveness. Its key features include a renovated basement and a detached garage. Built in 1945, it is newer than many homes on its street and in the immediate area, which can be a positive for foundational integrity.
The appeal lies in its efficiency and position within the market. The assessed value ranks above average for Garwood Avenue, indicating the property is perceived as holding value well within its specific locale. This makes it a candidate for buyers seeking a manageable footprint without sacrificing location. It would suit first-time homebuyers, downsizers, or investors looking for a character home in a central neighbourhood without the maintenance of a larger property. A thoughtful perspective is that its smaller size and recent sale history suggest it could be a relative "blank canvas" within an established area, offering a chance to personalize without the premium often attached to fully modernized homes.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 864 sqft, the home is below the average size for both the Earl Grey neighbourhood and Winnipeg overall. However, on its own street (Garwood Avenue), it ranks in the top 70%, meaning it is larger than many immediate neighbours.
2. What does the assessed value indicate?
The assessed value of $33.70k is above the average for Garwood Avenue (top 27%), suggesting the property holds strong value in its direct context. City-wide, its assessment is around the middle range.
3. What is the history of sales for this property?
The available data shows previous sales in March 2021 for $250k and June 2017 for $20.90k. The significant difference highlights market changes and the impact of property improvements over time.
4. Is the lot size typical for the area?
The land area of 3,124 sqft is fairly standard for Earl Grey and on Garwood Avenue. It is, however, below the much larger city-wide average, which is influenced by newer suburban lots.
5. Are there any notable nearby properties for comparison?
The listing references nearby homes, including newly built properties on Scotland Avenue with higher assessments and similar-aged homes on Lilac and Lorette with comparable or larger living areas. This provides a spectrum of options and values within the same neighbourhood.