Property Overview: 755 Garwood Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2018, stands out in the established Earl Grey neighbourhood for its modern construction and above-average living space. With 1,382 sqft of living area, it offers more room than most homes on its street and in the immediate area. Its key feature is a renovated basement, adding functional space, and it includes a detached garage. The property’s most compelling data point is its assessed value, which ranks in the top 4% both on Garwood Avenue and in Earl Grey, suggesting a premium valuation relative to its neighbours.
The appeal lies in acquiring a relatively new, low-maintenance home in a mature neighbourhood, bypassing the concerns common with century-old properties. It suits buyers looking for modern interiors and systems without sacrificing the character and location of a central, tree-lined community. A thoughtful perspective is the trade-off: while the house itself is newer and larger than many nearby, the land parcel is notably smaller than area averages, which may appeal to those prioritizing a manageable yard but is a consideration for those wanting extensive outdoor space.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home was last sold in March 2022 for $46.50k. Its current assessed value is $51.60k, indicating a significant increase in its municipal valuation since that last transaction.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on the finish, layout, or whether it includes a legal suite are not provided. This would require clarification with the listing agent or through a viewing.
3. Is the smaller lot size a concern?
At 2,462 sqft, the lot is below average for the street, area, and city. This typically means less yard maintenance but also less private outdoor space. It’s a practical fit for those not wanting extensive gardening, but buyers seeking a large backyard should take note.
4. How does this home compare to others in Earl Grey?
It is newer than the vast majority of homes in the neighbourhood (ranking in the top 2% by year built) and has a higher assessed value than 96% of area properties. This positions it as a modern, premium option within an older, established community.
5. What are the comparable nearby properties?
The listing references nearby homes on Scotland Avenue built in 2024 with higher assessments, and older homes on Lilac and Lorette with lower assessments. This highlights a mix of new infill development and traditional character homes defining the area’s evolving streetscape.