Property Overview: 905 Garwood Avenue, Winnipeg
Key Characteristics & Appeal
This home at 905 Garwood Avenue in the Rockwood neighborhood presents a practical and efficient living option. Its primary appeal lies in being a well-priced, modern property within an established area. Built in 1992, it is notably newer than most homes on its street and in the wider neighborhood, which often translates to fewer concerns about major aging infrastructure and potentially lower maintenance costs. With 817 square feet of living space, the house is compact, ranking below average in size for the area, but this makes it manageable and energy-efficient.
The assessed value of $329,000 is consistently around the average for its immediate surroundings, suggesting it is fairly priced within the local market. The lot size of 3,683 square feet is typical for the street. This property would best suit first-time homebuyers, downsizers, or investors seeking a straightforward, newer-built home in a central Winnipeg neighborhood without the premium often attached to a large or historic character home. It offers an entry point into the market where the value is derived more from its modern construction and location than from square footage.
Frequently Asked Questions
1. Is the living space too small?
While the living area is below the neighborhood and city averages, the efficient layout of a newer build (1992) can make the space feel more functional than older homes of a similar size. It’s ideal for individuals, couples, or small families who prioritize low maintenance.
2. How does the assessed value compare to recent sales?
The assessed value is $329k. A nearby comparable property at 869 Garwood (older, slightly larger) sold for between $300k-$350k in late 2023, indicating this assessment is in line with recent market activity in the immediate area.
3. What are the advantages of a home built in 1992?
A home from this era typically benefits from modern construction standards, wiring, and insulation compared to the many pre-1950s homes in Rockwood. This can mean greater energy efficiency and fewer immediate renovations.
4. How does the lot size affect potential for expansion or outdoor space?
The lot is near the street average but below the neighborhood average. It provides adequate yard space for a city lot but may have limitations for significant future additions compared to larger lots in the area.
5. Where can I get verified historical sale prices for this property?
The provided data shows sold price ranges. For exact sale figures and a full transaction history, you must request a manual lookup via email from the service, as they do not display MLS sold records on the site.