Property Overview: 855 Garwood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's established Earl Grey neighbourhood. Built in 1926, its key characteristic is its modest scale: with 670 sqft of living space and a 2,460 sqft lot, it is notably smaller than most homes on its street, in the area, and citywide. The basement exists but is unrenovated, and there is no garage or pool.
Its primary appeal lies in its location within a desirable, central community and its relative value. The assessed value of $270,000 is around the average for Earl Grey, suggesting the price reflects the home's smaller size. This creates an entry point into a neighbourhood that might otherwise be less accessible. The home suits first-time buyers, downsizers, or value-focused investors seeking a lower-maintenance property in a prime location. It represents a "foot-in-the-door" opportunity where the land and location are significant parts of the value proposition, with the home itself offering a straightforward canvas for personal updates over time.
Section 2: Frequently Asked Questions
1. Is the home's small size a disadvantage?
While the living area is below average, it translates to lower utility costs and less space to maintain. For the right buyer, this is a practical, efficient layout rather than a drawback.
2. What does "basement, not renovated" mean?
It indicates the basement is unfinished and used for utilities and storage. It presents potential for future development (subject to permits and moisture control checks) but requires investment.
3. How does the assessed value compare to the last sale price?
The home sold for $265,000 in April 2022. The current $270,000 assessment is very close, indicating stable market value in line with recent sales.
4. What are the implications of having no garage?
Parking will be on-street. This is common for older homes in the area, but buyers should consider their vehicle storage needs and visit to assess on-street parking availability.
5. The lot is smaller than average. Is that a concern?
The yard space is limited, which reduces outdoor maintenance. The focus here is on the neighbourhood itself—proximity to local amenities, schools, and parks—rather than private outdoor space.