Property Overview: 867 Garwood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home in the established Earl Grey neighbourhood presents a practical opportunity. With 1,008 sqft of living space, it sits around the average size for its street but offers a more compact footprint compared to wider area averages. Built in 1923, it carries the character and construction quality of its era. A key feature is its detached garage, adding valuable storage or workshop space.
The appeal here is grounded in value and location. The home's assessed value ranks above average for Garwood Avenue, suggesting it is viewed favorably relative to its immediate peers. This indicates a solid entry point into a desirable neighbourhood known for its mature setting and community feel. The lot, while smaller than many in the city, provides a manageable outdoor space ideal for those seeking lower maintenance.
This property would best suit a first-time buyer, a downsizer, or a pragmatic investor. It’s for someone who values location and a traditional home layout over square footage, and who sees potential in a basement that awaits renovation. It’s a home that offers the chance to put down roots in a character area without the premium often attached to fully updated historic homes.
Section 2: Frequently Asked Questions
1. How does the home’s value compare to the area?
The assessed value is above the average for Garwood Avenue itself, but aligns with the averages for both the broader Earl Grey neighbourhood and city-wide. This suggests the property holds its value well on its specific street.
2. Is the lot size a significant drawback?
At 2,460 sqft, the lot is smaller than most in Winnipeg. This means less yard maintenance, which can be a positive for some, but offers limited space for expansions, large gardens, or privacy from neighbours.
3. What does the sale history indicate?
The home sold in April 2023 for $34.10k and previously in September 2022 for $24.50k. This recent activity and price increase suggest a market recognizing the property’s underlying value or potential.
4. Who is the typical buyer for a home of this age and size?
It often attracts buyers looking for character and location on a budget. The floor plan may involve more compartmentalized rooms rather than open-concept living, which appeals to those who prefer defined spaces or see a chance to customize a renovation over time.
5. Are there any obvious red flags in the data?
The basement is noted as “not renovated,” which is a significant consideration. Buyers should budget for potential updates to this space and investigate its current condition, moisture control, and suitability for their needs.