Property Overview & Key Characteristics

752 Garwood Avenue is a compact, one-storey home in Winnipeg's Earl Grey neighbourhood. Built in 1920, its 778 sqft living area is notably smaller than most comparable homes in the area, placing it in the lower third for size on its own street. However, its recently renovated basement adds functional space. The property sits on a modest 2,531 sqft lot, which is fairly typical for the immediate street but smaller than the neighbourhood and city averages.

The appeal here is nuanced. The home’s assessed value ranks above average for Garwood Avenue, suggesting it is viewed favorably relative to its closest peers, potentially due to updates or its specific location. It suits a specific buyer: someone seeking an entry point into a established neighbourhood like Earl Grey, who prioritizes location and a manageable footprint over square footage. It could be ideal for a first-time buyer, a downsizer, or an investor looking for a character home with a renovated basement suite potential (subject to verification). The recent sale in late 2024 indicates active market interest.

A less obvious perspective is that a smaller, well-maintained home on a smaller lot can mean lower utility costs, less maintenance, and a more efficient use of space, which aligns with simpler living. While not a large property, its value holding strong on its street indicates a perceived desirability that isn't solely based on size.

Frequently Asked Questions

1. Is the home significantly smaller than others in the area?
Yes. With 778 sqft of living area, it is smaller than about 78% of homes on Garwood Avenue and 88% of homes in the broader Earl Grey neighbourhood. The renovated basement is a key feature for additional space.

2. What does the assessed value ranking tell us?
The assessed value ranks in the top 27% on its street, meaning it is valued higher than most direct neighbours. This often reflects factors like renovations, condition, or a premium lot location, even if the home itself is smaller.

3. How does the lot size impact the property?
At 2,531 sqft, the lot is manageable and average for the street. It offers outdoor space without the extensive upkeep of a larger yard, which can be a benefit for some buyers.

4. The home was built in 1920. What should I consider?
While the basement has been renovated, the core structure is over a century old. A thorough inspection is essential to understand the condition of major aging components like the foundation, plumbing, and electrical systems.

5. Who would this property suit best?
It's best suited for buyers who value location in a established neighbourhood over sheer square footage. It could be a practical entry point into Earl Grey for a first-time buyer, a low-maintenance option for a downsizer, or a potential rental property (basement suite) for an investor, pending zoning approval.