Property Overview: 804 Garwood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in the established Earl Grey neighbourhood presents a classic character home opportunity. Built in 1914, it offers 1,128 sqft of living space, which is competitively sized for the local area, and sits on a 2,531 sqft lot. Key features include a detached garage and a basement that is noted as being unrenovated. The home’s assessed value positions it well within its immediate area, suggesting it is a financially accessible entry point into the neighbourhood.
Its primary appeal lies in its location within a sought-after, mature community and its potential as a canvas. The unrenovated basement and the home’s vintage are not drawbacks for the right buyer, but rather markers of opportunity for customization or a phased renovation project. It would suit a practical first-time homebuyer comfortable with some updates, an investor looking for a character property in a stable area, or someone specifically seeking the architectural charm and lot size typical of older Earl Grey streets. A less obvious perspective is that its smaller lot, while below the citywide average, means less exterior maintenance—a potential plus for those prioritizing location over extensive yard work.
Section 2: Frequently Asked Questions
1. What is the true condition of the basement?
The listing explicitly states the basement is "not renovated." Prospective buyers should budget for an inspection to understand the state of the foundation, plumbing, electrical, and moisture control, which are common considerations in homes of this era.
2. How does the 1914 build year affect the home?
While older than many on its street, it is around the neighbourhood average. This typically means charming original features are possible, but it also necessitates careful evaluation of major systems (roof, wiring, plumbing, insulation) for modern standards and updates.
3. Is the assessed value a reliable indicator of the sale price?
Not directly. The assessed value is for municipal tax purposes. The home last sold in June 2023 for $36.20k, which was a strong price relative to area averages at the time. The current market value will be determined by recent comparable sales, condition, and demand.
4. What are the benefits of the Earl Grey location?
Earl Grey is a central, mature neighbourhood known for its tree-lined streets, community feel, and proximity to amenities like parks, schools, and Corydon Avenue’s shops and restaurants. It offers a blend of quiet residential living with urban convenience.
5. What is the potential for expansion or adding value?
The existing lot size is smaller than many in Winnipeg, which may limit large rear additions. However, value can be significantly added through thoughtful interior modernization, finishing the basement, and updating the kitchen and bathrooms, aligning the home’s interior with the neighbourhood’s desirability.