Property Overview
This 2019-built bi-level home at 811 Garwood Avenue in Winnipeg's Earl Grey neighbourhood presents a distinctly modern offering in an established area. Its key appeal lies in being a nearly new construction, sparing owners from the immediate maintenance concerns common with older homes. With 1,157 sqft of living space and a renovated basement, it offers modern, efficient living. The property is particularly notable for its assessed value, which ranks in the top 8% for both its street and the wider Earl Grey area, suggesting it is viewed as a premium asset relative to its local peers. However, the land size is more modest, especially when compared to the city-wide average.
This home is ideally suited for buyers seeking a move-in ready, low-maintenance property in a mature neighbourhood without the character-home upkeep. It would appeal to young professionals, small families, or downsizers who prioritize modern interiors and systems over a large yard or traditional architectural charm. Its strong assessed value ranking may also attract those viewing the purchase as a solid, long-term investment in a desirable area.
Frequently Asked Questions
1. How does the modern build date affect property taxes?
While the 2019 construction means newer, more efficient systems, the significantly above-average assessed value (top 8% locally) typically results in proportionally higher property taxes compared to older homes in the same area.
2. Is there potential for expansion or adding a garage?
The lot size is average for Earl Grey but below the city-wide average. Any significant expansion or addition of a detached garage would need to be carefully planned within the existing 2,950 sqft footprint, considering municipal setback requirements.
3. What does the "renovated basement" in a 2019 home imply?
For a home this new, a basement renovation likely means the lower level was recently finished to a high standard, adding immediate liveable space rather than addressing outdated or problematic conditions.
4. How does the bi-level style fit in the neighbourhood?
Earl Grey features primarily older, traditional homes. This bi-level is a stylistic outlier, offering modern open-concept living that differs from the typical layout of neighbouring properties, which could be a pro or con depending on buyer preference.
5. Why is the assessed value so high relative to the area?
The elite ranking for assessed value is driven primarily by the new construction date (top 3% locally). Assessors place a high premium on the lack of depreciation and modern building standards, which outweighs the more modest lot size in their valuation.