Property Overview: 1071 Garwood Avenue, Winnipeg
Key Characteristics & Appeal
This 1945-built home in Rockwood presents a practical opportunity centered on its land and location. At 894 sqft, the living space is compact, ranking below average for both the neighborhood and the city, suggesting a cozy layout suited for efficient living or a smaller household. The true standout is the 4,296 sqft lot, which is significantly larger than the street average, offering valuable outdoor space and potential in a mature area.
Its appeal is grounded in value and possibility. The assessed value of $365k is above average for Garwood Avenue, indicating the property is well-regarded within its immediate context. This positions it as a home that holds its own on a street of similar vintage, likely appealing to those who prioritize a larger yard over square footage. It would suit a first-time buyer, an investor, or a downsizer looking for a manageable home with room to garden, entertain, or potentially expand, without the premium of a newer or much larger house. A thoughtful perspective is that this property represents a balance: you’re acquiring a lot with upside in an established area, while the home itself is a functional starting point that may benefit from updates over time.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
The living area is 894 sqft, which is smaller than the average home on Garwood Avenue (1,049 sqft) and in the wider Rockwood neighborhood. This indicates a more compact, efficient floor plan.
2. Why is the assessed value higher than the street average?
With an assessed value of $365k against a street average of ~$314.7k, the premium likely reflects the property’s larger-than-average lot size and its overall condition and characteristics as evaluated for taxation purposes.
3. What is the recent sales history?
Records indicate the property sold between $300,000 and $350,000 in June 2020. For fully verified and exact historical sale figures, a manual lookup through the site’s service is required.
4. Is the lot size a significant feature?
Yes. The lot of 4,296 sqft ranks in the top 20% on Garwood Avenue, where the average is 3,429 sqft. This substantial yard is a key asset compared to immediate neighbors.
5. What are similar nearby properties like?
Nearby homes on streets like Fleet and Dudley Avenue, mostly built in the mid-1940s, show a range of sizes and values. This property’s assessed value is higher than several comparable references, aligning more closely with updated or larger lots in the broader area.