Property Overview
This 820 sqft, one-storey home at 615 Garwood Avenue in Winnipeg's Earl Grey neighbourhood presents a practical and efficient living option. Built in 1985, it is notably newer than most homes in the area. Its key appeal lies in this modern construction within an established community, paired with a recently renovated basement. The lot is compact at 2,460 sqft, which translates to lower maintenance. Its assessed value is consistent with local averages.
This property would suit first-time buyers seeking an entry point into a desirable neighbourhood without the upkeep of an older character home. It's also a logical fit for downsizers or those looking for a straightforward, low-maintenance property where the renovation work is already started with the finished basement. The smaller living space and lot may not suit those needing room for a growing family or extensive outdoor space.
Frequently Asked Questions
Is the smaller lot size a disadvantage?
While below average in size for the area, the compact lot is a significant advantage for buyers seeking minimal yard maintenance. It offers outdoor space without the burden of a large garden.
How does the 1985 build year affect the home?
Being built in 1985 is a standout feature in a neighbourhood of mostly pre-war homes. Buyers can expect modern building standards, likely more efficient insulation, and wiring, and may avoid the major systemic updates often needed in century-old homes.
The living area is ranked below average. How does the renovated basement factor in?
The 820 sqft main floor is compact, but the renovated basement effectively adds usable living space. This makes the total functional area more competitive, ideal for a home office, recreation room, or guest space.
What does the "around average" assessed value indicate?
It suggests the property is priced in line with the local market, not overvalued. In a stable neighbourhood like Earl Grey, this can indicate a fair starting point with less risk of a price correction compared to highly inflated listings.
Are there any obvious drawbacks from the data?
The lack of a garage is a consideration for vehicle storage and Winnipeg winters. The home's overall footprint is modest, so storage space and room layout efficiency will be important to assess during a viewing.